DOF Group ASA - Multiple project awards

DOF has secured an EPRD project for a North Sea operator, including the project management, engineering, logistics and execution of an FPSO cessation project. DOF shall disconnect, transport and pre-moor the floating unit, and retrieve and recycle the mooring system.

Project management and engineering starts immediately, while offshore execution is planned in Q3 2024 utilising in total four vessels, including Skandi Hera and Skandi Iceman.

In the APAC region, DOF has been awarded a contract to provide field decommissioning support in association with a depleted field off the Australian coast.

The award includes project management, engineering, procurement, and offshore services and is expected to be completed over a five-to-seven-week period commencing in December 2023. The project will utilise the CSV Skandi Hercules which, with two permanently installed WROV systems and a 250Te AHC crane, is ideally suited to these operations.

The combined revenue from the two projects is estimated to approximately USD 30 million.

For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: + +47 916 21 057

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