DOF Group ASA (“DOF”) is pleased to announce that it has been awarded a Substantial* contract by Statnett, Norway’s transmission system operator, for the replacement of high-voltage subsea power cables across Ofotfjorden in the north of Norway.
The project comprises partial removal of ageing subsea power cables between Lødingen and Barøya, and the installation of four new 170kV submarine cables bundled with fibre optic lines. The campaign includes bundled cable laying in water depths ranging from 10m to 450m.
Main execution is planned between May and September 2027 totalling approximately 40 days from a high-capacity construction vessel in DOF’s fleet, supported by preparatory survey, logistics and onshore works throughout 2026 and 2027.
Mons S. Aase, DOF Group ASA CEO, comments: “We are proud that Statnett has placed its confidence in DOF for this critical infrastructure project. The Ofotfjorden cable replacement is a comprehensive scope that plays directly to our strengths: engineering capability, subsea execution, and seamless integration of vessels, equipment, and our specialist teams. This award reinforces our track record within power cable installation and demonstrates the market’s trust in DOF as a reliable partner for complex subsea operations. We look forward to working closely with Statnett to deliver a safe, efficient, and high-quality project for Norway’s electricity network.”
Preparatory works including project management, engineering and procurement starts immediately from DOF’s Norwegian and Scottish offices.
*DOF defines a Substantial contract as a contract with value between USD 25 and 50 million.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
