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
Select a category.
No articles found.
DOF Subsea is proud to announce the extension of the four PIDF Contracts with Petrobras. These extensions will demand a fleet of at least 3 vessels operating for 18 months these contract extensions are confirmation of DOF Subsea’s safe and excellent delivery of the project reinforcing our relationship with Petrobras and our capacity to deliver on time and within budget. Mons S Aase CEO DOF Subsea said “I am very pleased for these awards securing utilisation for our personnel and our assets and adding important back log to the Group. It further strengthens our leading position in Brazil within IMR and confirms our long relationship with Petrobras.” DOF Subsea is dedicated to deliver safe and efficient subsea solutions. 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 Offshore Energy Marine Telecommunications and Renewables markets. www.dofsubsea.com
Reference is made to previous announcements regarding the extension of standstill arrangements with the DOF group's secured lenders expiring 15 June 2022 and extension of standstill arrangements with bondholders in DOF Subsea AS' bond issues also expiring 15 June 2022. DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have agreed to further extend the principal and interest suspension agreements with please contact: CEO Mons Aase tel. +47 91 66 10 12 Martin Lundberg CFO DOF Subsea tel. +47 91 62 10 57 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. With a multi-national workforce of about 3 800 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 40 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.
Amnesty International ranks DOF in the top-five global companies based in the Nordics with the best score related to human rights and responsible employment practices. Last week the DOF Group strengthened the commitment to Human Rights and the UN SDGs by signing Bergen Chamber of Commerce and Industry and Rafto Foundation´s collaboration for business and human rights initiative – FUTURE PROOF.
Reference is made to previous announcements regarding the extension of standstill arrangements with the DOF group's secured lenders expiring 31 May 2022 and extension of standstill arrangements with bondholders in DOF Subsea AS' bond issues also expiring 31 May 2022. DOF ASA and DOF Subsea AS are pleased to announce that each of the companies have agreed to further extend the principal and interest suspension agreements with please contact: Mons S. Aase CEO DOF Subsea tel: +47 91 66 10 12 Martin Lundberg CFO DOF Subsea tel. +47 91 62 10 57 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 is pleased to announce the award of a 3-year contract for two vessels with Esso Exploration & Production Guyana Limited. Under the agreement, DOF Subsea will perform IMR, well intervention support, and light subsea construction activities to support the growing subsea infrastructures in the Stabroek Block offshore Guyana.
Two Multipurpose Support Construction Vessels with 250-ton AHC crane and 2 work class ROV systems will be deployed in Guyana for 3-year terms, plus 2 years options.
The first vessel will mobilize in late October while the second vessel is planned to commence in January 2023.
Mons S Aase, CEO, DOF Subsea said, “I am extremely happy with this contract award from ExxonMobil Guyana, and entering the important and flourishing Guyanese market. The award further underlines DOF’s leading position in the IMR segment.”
The estimated firm backlog for the group is approximately NOK 2.7 billion.
For further information, please contact:
Mons S. Aase, CEO, DOF Subsea. Tel: +47 91 66 10 12
Marianne Møgster, SVP Finance, DOF Subsea. Tel: 99 30 69 16
The Group’s operating revenue for the 1st quarter (management reporting) was NOK 1 CEO DOF Subsea AS - Tel: +47 91 66 10 12 Martin Lundberg CFO DOF Subsea AS - Tel: +47 91 62 10 57 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 is pleased to announce that an option has been exercised for the vessel Skandi Africa. The new commitment will now run until February 2024 and will commence in direct continuation with the current commitment. Skandi Africa is a high-end subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations. DOF Subsea CEO please contact: Mons S. Aase CEO DOF Subsea. Tel: +47 91 66 10 12 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
DOF Subsea is pleased to announce that an option has been exercised for the vessel Skandi Africa. The new commitment will now run until February 2024 and will commence in direct continuation with the current commitment.
Skandi Africa is a high-end subsea vessel designed for harsh environment and deepwater subsea construction and flexlay operations.
DOF Subsea CEO, Mons S. Aase, stated, “Skandi Africa is the most sophisticated vessel in our fleet and we are looking forward to continuing the journey, delivering successful installation campaigns.”
DOF has been recognised in the Financial Times (FT) 2022 report, which can be viewed here, as one of Europe's Climate Leaders. The report was undertaken in co-operation with independent data company Statista and reviewed tens of thousands of companies, scrutinising existing GHG emissions in order to identify 'outstanding European companies that are successfully reducing their core GHG emissions relative to the their revenue'. Read more about the methodology used on FT's website.