DOF Group ASA (“DOF”) is pleased to announce the award of three Petrobras service contracts (PIDF) in Brazil.
The contracts awarded are for execution of subsea inspections as part of Petrobras’ subsea inspection program, supporting the assessment of the integrity of Petrobras’ subsea facilities.
This award is the result of a competitive tender process and marks the third consecutive contract of this type secured by DOF in Brazil.Over the course of previous contracts, DOF has successfully and safely completed more than 7,000 inspections, reinforcing its leading position as a trusted partner for Petrobras in subsea operations.
The three new contracts have a combined value of approximately USD 390 million and encompass more than 4,000 planned inspections. To deliver on these requirements, DOF expects to deploy at least three vessels equipped with work-class ROVs, and one of the vessels specially outfitted and crewed to perform shallow air diving inspections.
Operations under these contracts, which will be managed in combination, will cover Brazil’s three main offshore basins (Santos, Campos and Espirito Santo) and are expected to commence in the first half of 2026 for a duration of three years.
Mons S. Aase, CEO DOF Group ASA, said: “We a thrilled to continue to deliver on our commitment to excellence and innovation in subsea inspection services for Petrobras. The inspection-based nature of the contracts as opposed to a day rate structure offers valued flexibility to our growing fleet in Brazil.”
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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On June 3, 2023, the Brazilian Federal Government published Law No. 14,611/2023, which established that any company with more than 100 employees would have to publish, every six months, starting in 2024, reports that demonstrate how the remuneration of men and women is composed percentages. This legislation aims to map the remuneration paid to men and women and especially the differences in salaries by gender, considering those employees who occupy the same position and perform the same function.
It is important to highlight that the information that makes up this report was taken by the Brazilian Federal Government itself from the E-social platform, and there is, therefore, no interference from companies in the preparation of these reports. The information presented is in percentages and there is no identification of employees or remuneration, in observance of the confidentiality of this type of information.
Thus, in compliance with the legislation and in compliance with the principle of transparency, DOF Subsea Brasil and Norskan are disclosing their respective reports.
If you have any questions regarding the reports, please contact DOF's Compliance Department.
Em 03 de junho de 2023, o Governo Federal publicou a Lei nº 14.611/2023, a qual estabeleceu que toda e qualquer empresa com mais de 100 funcionários teria que publicar, semestralmente, a partir do ano de 2024, relatórios que demonstrassem como estão compostos percentualmente as remunerações de homens e mulheres. A referida legislação tem por objetivo mapear as remunerações pagas a homens e mulheres e principalmente as diferenças de salários por gênero, considerando aqueles empregados que ocupam o mesmo cargo e exercem a mesma função.
É importante destacar que as informações que compõem esse relatório foram retiradas pelo próprio Governo Federal da plataforma do E-social, não havendo, portanto, qualquer interferência das empresas na elaboração destes relatórios. As informações apresentadas são em percentuais e, não há identificação de funcionários ou remunerações, em observância a confidencialidade deste tipo de informação.
Dessa forma, em atendimento a legislação e em observância ao princípio de transparência, a DOF Subsea Brasil e a Norskan estão divulgando seus respectivos relatórios.
Caso haja qualquer dúvida com relação aos relatórios, entre em contato com o Departamento de Compliance da DOF.
DOF Group ASA (“DOF”) is pleased to announce the award of three Petrobras service contracts (PIDF) in Brazil.
The contracts awarded are for execution of subsea inspections as part of Petrobras’ subsea inspection program, supporting the assessment of the integrity of Petrobras’ subsea facilities.
This award is the result of a competitive tender process and marks the third consecutive contract of this type secured by DOF in Brazil.Over the course of previous contracts, DOF has successfully and safely completed more than 7,000 inspections, reinforcing its leading position as a trusted partner for Petrobras in subsea operations.
The three new contracts have a combined value of approximately USD 390 million and encompass more than 4,000 planned inspections. To deliver on these requirements, DOF expects to deploy at least three vessels equipped with work-class ROVs, and one of the vessels specially outfitted and crewed to perform shallow air diving inspections.
Operations under these contracts, which will be managed in combination, will cover Brazil’s three main offshore basins (Santos, Campos and Espirito Santo) and are expected to commence in the first half of 2026 for a duration of three years.
Mons S. Aase, CEO DOF Group ASA, said: “We a thrilled to continue to deliver on our commitment to excellence and innovation in subsea inspection services for Petrobras. The inspection-based nature of the contracts as opposed to a day rate structure offers valued flexibility to our growing fleet in Brazil.”
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA (“DOF”) is pleased to announce three new short-term contracts in Brazil.
A major oil company with significant presence in Brazil has contracted Skandi Salvador and Geoholm for short-term engagements in the Espirito Santo& Santos Basin.
Geoholm has been delivered in the middle of September and will perform work supporting mooring operations with the utilization of one ROV for approximately two weeks.
Skandi Salvador will support subsea equipment retrieval on a 10-day work charter starting the last week of September.
Skandi Salvador will also support subsea and a well intervention operation with the utilization of one work class ROV and subsea crane, expected to commence operations early November 2025 on a 60-day charter contract.
The aggregate contract value for the three contracts is Limited, which DOF defines as a contract with value of less than USD 15 million.
Contact information:
Eirik Vardøy,
Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA (“DOF”) is pleased to announce a contract extension for Skandi Patagonia.
The new contract will see the vessel,a CSV built in 2000 with a 50t crane and offering diving service capacities,continue with its current client, Total Energies, in Argentina for a period of three years, with two further one-year extension options. The new contract will be effective from January 2026.
Mons Aase, DOF Group ASA CEO, said:
"We are looking forward to continuingour support of Total Energies in Argentina with Skandi Patagonia, a vessel which has been operating in the same region with the same client since it was delivered from the yard in year 2000. This contract is a testament to our successful collaboration, and shows that a well-maintained vessel can extend the useful lifetime and provide attractive returns".
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA (“DOF”) is pleased to announce a contract award for moorings hook-up services in the APAC region.
The contract will utilise Skandi Hercules with related mooring and subsea installation services. The scope of work includes DOF’s full suite of in-house project management, engineering, procurement and logistics support services.
Offshore execution is scheduled in Q1 2026, and the vessel utilisation under the contract is expected to be approximately four weeks.
The size of the contract is Limited, which DOF defines as a contract with a value of up to USD 15 million.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA (“DOF”) will today host a Capital Markets Day from 11:30 CEST. The presentation will be held by DOF’s CEO Mons Aase, CFO Martin Lundberg and other key executives across the company. The presentation material is attached to this release and will be available on DOF’s website.
A live webcast 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.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
DOF Group ASA ("DOF") informs that Equinor Energy AS has exercised its option to extend the firm period of the contract for Skandi Flora and Skandi Mongstad by 1 year. The extension is applicable from October 2025. Both vessels have one further one-year extension option from October 2026 available.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
2 September 2025: DOF Group ASA (“DOF”) has today successfully priced a 5-year USD 150 million senior unsecured bond (the “Bonds”). The Bonds will carry a fixed coupon of 8.125% p.a., payable semi-annually.
The net proceeds from the bond issue shall be applied to refinance existing debt and for general corporate purposes. An application will be made to list the Bonds on the Oslo Stock Exchange.
DNB Carnegie and Pareto Securities acted as Joint Global Coordinators and Joint Bookrunners, and Clarksons Securities and Danske Bank as Joint Bookrunners in the transaction.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
28 August 2025: DOF Group ASA ("DOF") has mandated DNB Carnegie and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Danske Bank as Joint Bookrunners, to arrange a series of investor meetings commencing Friday 29 August 2025.
A new USD denominated 5-year senior unsecured bond issue may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue shall be applied to refinance existing debt and for general corporate purposes.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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.