DOF Group ASA("DOF") is pleased to announce that three PLSVs (pipelay support vessels) owned through a joint venture between DOF (50%) and TechnipFMC (50%)have secured contract extensions with Petrobras in Brazil.
Skandi Vitória and Skandi Niterói have had their current contracts extended from Q4-2025 until Q1-2027. The 3-year contracts announced in June 2024 will now commence following the extension period. Skandi Açu has had its current contract extended from Q3-2026 until Q1-2027. The 3-year contract announced in August 2024 will now commence following the extension period. The contract extensions add approximately USD 100 million of backlog to DOF. All other terms and conditions of the 3-year contracts previously announced remain unchanged.
Mons Aase, CEO DOF Group ASA,said: "We are happy to extend the firm backlog of these three high-end vessels into 2030. Together with other contracts previously announced, DOF now has 17 vessels in Brazil with firm backlog extending towards and into the next decade."
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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DOF Group ASA (“DOF”) has been informed that Svein Harald Øygard, Chair of the Board, has purchased 43,974 shares in DOF as further specified in the attached notification form. Following the transaction, Svein Harald Øygard holds,directly and indirectly through a wholly owned company, 760,000 shares in DOF.
This information is subject to the disclosure requirements pursuant to Article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
DOF Denmark A/S, a subsidiary of DOF Group ASA, has signed an agreement to sell the Skandi Handler (AHTS built in 2002). Vessel is planned to be delivered to the new owner in Q4 2025.
For further information, please contact:
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
DOF is pleased to announce the award of a long-term commitment from an international operator for the CSV Skandi Inventor in the APAC region. The contract duration is one year with further extension options, commencing January 2026. The commitment reinforces DOF’s capability of delivering reliable subsea services in the region.
“This commitment marks a significant milestone in our ongoing operations in the APAC region and underscores DOF’s capability to deliver high-performance subsea solutions.” said Mons Aase, CEO DOF Group ASA. “Skandi Inventor’s deployment will enhance operational efficiency and support our partners’ long-term asset integrity goals in the region.”
DOF looks forward to continuing our commitment to providing safe, efficient, and sustainable offshore operations in the APAC region.
The size of the contract is Substantial, which DOF defines as a contract with value between USD 25 – 50 million.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
The shares in DOF Group ASA will be traded ex dividend of USD 0.30 per share as of today, 27 August 2025. Please note that the payment will be made in NOK at NOK 3.04311 per share. The payment will be made on 4 September 2025.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64