DOF Group ASA will present its Q1 2025 results on Friday 16 May 2025 at 14:00 CEST. The report will be available at www.dof.com and www.newsweb.no.
The presentation will be digital only and will be available on https://www.dof.com/webcast, and a recording of the presentation will be published on the same webpage after the event.
The presentation will be held by CEO Mons S. Aase and CFO Martin Lundberg.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA. Phone: +47 948 36 464
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DOF Subsea has been awarded several contracts securing utilisation of personnel and vessels in the Subsea IMR Projects segment. DOF Subsea has been awarded a contract in the Atlantic region by MHI Vestas Offshore Wind for the Skandi Constructor. The contract will commence at the end of Q3 and secures utilisation until the end of 2018. The Asia Pacific region has been awarded several contracts securing ROV and diving work for Skandi Singapore through Q4 2018 for several clients in the Asia Pacific region. For further information DOF Subsea - Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com
Petrobras has awarded DOF Subsea Brasil a contract for utilization of the Brazilian built OSV vessel Skandi Salvador. The 650 days firm contract (plus 650 days extension by mutual agreement) will commence in July. Skandi Salvador is currently working for Shell Brasil. The CEO Mons Aase states that he is very pleased with this contract award subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com "
DOF Subsea has been awarded several contracts in the Atlantic region pipelines and platform structures as well as light construction and repair work. Jan Kristian Haukeland Executive Vice President for the Atlantic region stated: ""This is a real positive number of wins for the region and for the company. DOF Subsea is well placed to plan and provide strong collaborative support for our clients' projects in Survey and IMR."" For further information please contact: Marianne Møgster SVP Finance DOF Subsea. Tel: 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com "
TechnipFMC and DOF Subsea (DOF) announce that the Skandi Recife 500 tons underdeck carousel and two work-class ROVs allowing her to lay flexible pipes in water depths up to 2 500 meters. She was built by Vard Promar Brazilian yard where her sister ship Skandi Olinda is currently under construction with a high rate of Brazilian national content. Under the TechnipFMC/DOF joint venture agreement TechnipFMC will manage flexible pipelay and DOF will be responsible for marine operations. DOF Subsea CEO Mons S. Aase said: ""Taking delivery of Skandi Recife and commencing the contract with Petrobras is an important milestone in our partnership with TechnipFMC. We are proud of this significant addition to our Brazilian fleet and look forward to seeing the vessel in operation in the years to come."" Hallvard Hasselknippe President of Subsea activities at TechnipFMC commented: ""We are very proud of this significant addition to our fleet in Brazil and to our partnership with DOF. The delivery of Skandi Recife and the commencement of a new contract with Petrobras reinforce our commitment to the development of the Brazilian market and our extensive ultra-deepwater pipelaying experience."" For further information please contact: Mons S. Aase CEO DOF Subsea - Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea - Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"
DOF Subsea has been awarded a contract in the Atlantic region to undertake a FPSO hook-up offshore Nigeria. DOF Subsea will deploy the Skandi Skansen to undertake the works in Q3 2018. This contract reaffirms DOF Subsea's position as a leading mooring installation and hook-up contractor. For further information DOF Subsea - Tel: +47 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company's core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com
Responsibility & Application:
All DOF Group employees and subcontractors have an individual responsibility to ensure that they and their colleagues cooperate with the Group to achieve its environmental objectives. This Policy applies to all DOF business units and operations.
All individuals have a responsibility within the DOF Group towards the environment as outlined in the DOF Group policy. All personnel must complete the Environmental Awareness E-Learning module to gain a greater understanding of individual roles and responsibilities.
The Environmental Management System (EMS) takes into account industry bodies, guidelines, codes of practice and best practice techniques at local, regional, national and international levels.
In certain cases, it may be necessary for activity-specific or project- specific environmental management plans to be constructed. The content will be defined by specific factors such as client requirements, project work scope, ecological/social factors and local legislative / statutory requirements.
There are a number of principles used by DOF Group to help frame our approach and commitment to the management of the environment in which we work:
• Sustainable Operations
• Polluter Pays Principle
• Precautionary Principle
• Duty of Care
The DOF Group has a series of systems to identify foreseeable hazards and risks for Group activities. "As Low As Reasonably Practicable" (ALARP) is the tolerated level of environmental risk. Environmental impact is included in project risk assessment where there is an obvious potential for impact to the environment.
DOF Group utilises a number of control measures including Continuous Review, Procedural / Organisational Barriers, and Technical Barriers.
The following criteria are used to create a Environmental Impact report:
• Water pollution
• Air Pollution
• Biodiversity
• Contaminated Land
Carbon Disclosure Project scores DOF Group a “A-” for 2020 reporting
Defining and measuring environmental sustainability risks associated with business operations is an important activity for the DOF Group. The 2020 result is a clear statement of the Company’s commitment and the DOF Group will continue to develop the reporting routines, accuracy in reporting and target setting to improve further in the coming years.
Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information.
DOF ASA annually reports the total CO2 emitted by the company, and also our mitigating measures and actions.
Visit the CDP website: www.cdproject.net
The DOF Group is pleased to announce a new contract award for its fleet in Brazil for Petróleo Brasileiro S.A. ("Petrobras"). The AHTS18000 Skandi Rio will support Petrobras' exploration and production activities on the Brazilian continental shelf. The vessel is owned and operated by Norskan Offshore Ltda. while DOF Subsea Brasil Servicios Ltda. will be responsible for the ROV operations. Both companies are 100% owned subsidiaries of DOF ASA.
The contract duration is for 3+1-year with expected commencement in December/January. Skandi Rio is a Brazilian built and flagged AHTS vessel equipped with Work Class ROV's for operations down to 3.000m water depth.
Mons Aase, CEO in DOF Group, states: I am very pleased with the contract award, which confirm the DOF Group's strong position in the South America region.
For further information, please contact:
Mons S. Aase, CEO Tel: +47 91 66 10 12
Hilde Drønen, CFO Tel: +47 91 66 10 09
With a multi-national workforce of about 3,150 personnel, DOF ASA is an
international group of companies which owns and operates a fleet of modern
offshore/subsea vessels, and engineering capacity to service both the offshore
and subsea market. With over 35 years in the offshore business, the group has
a strong position in terms of experience, innovation, product range, technology
and capacity.
DOF's core businesses are vessel ownership, vessel management, project
management, engineering, vessel operations, survey, remote intervention and
diving operations primarily for the oil and gas sector. From PSV charter to
Subsea engineering, DOF offers a full spectrum of top quality offshore
services
to facilitate an ever-growing and demanding industry.
The company's main operation centers and business units are located in
Norway,
the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.