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 Group 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."
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
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 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.
Historical OSE Notices
Contract awards
Contract extension for Skandi Africa
May 6, 2022
Please find attached the notice of Ordinary General Meeting DOF ASA.
The Ordinary General Meeting will be held on Tuesday 24 May 2022 at 11.00 hours
as an electronic meeting. Shareholders who wish to participate and vote at the
General Meeting must be registered with a user profile in the meeting portal
Orgbrain (www.orgbrain.no) or submit a proxy to the Company within 12:00 hrs CET
on 19 May 2022. Information about participation and registration appears from
the notice and its appendices and is available on the Company's website
www.dof.com. Further information about the electronic participation will be
published on the Company's website www.dof.com and distributed to the
shareholders who fill in and return the registration form.
A paper version of the notice will be sent by post to those shareholders who
have reserved themselves against electronic communication on the VPS Investor
Services.
Contact persons:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
This information is subject of the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act (verdipapirhandelloven).
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 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.
Historical OSE Notices
Notice of Ordinary General Meeting DOF ASA
May 3, 2022
Reference is made to previous announcements regarding the extension of
standstill arrangements with the DOF group's secured lenders expiring 30 April
2022 and extension of standstill arrangements with bondholders in DOF Subsea AS'
bond issues also expiring 30 April 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, or received extensions of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS and
in total 95% of the secured debt of companies within the DOF Subsea AS group
(excluding DOF Subsea Brasil Servicos Ltda.) until 31 May 2022.
Reference is further made to the previous announcement on 12 April 2022
regarding summons to bondholders' meetings in DOFSUB07 (ISIN NO0010971005),
DOFSUB08 (ISIN NO0010788177) and DOFSUB09 (ISIN NO0010836810) in which DOF
Subsea AS requested an extension of the standstill period for the three bonds
initially until 31 May 2022 and with the possibility to extend to 30 September
2022 with the approval of an ad-hoc committee of bondholders.
DOF Subsea AS is pleased to announce that the bondholders' meetings were held
today and the proposed resolution received 100%, 92,53% and 100% of the votes in
DOFSUB07, DOFSUB08, and DOFSUB09, respectively. Approval of the proposal set out
in the summons required 2/3 majority in all three bonds, and the proposal was
consequently approved. Please see the attached minutes from the bondholders'
meetings.
The extensions of the standstill periods will facilitate the DOF group's
continued dialogue with its secured lenders and the bondholders under the DOF
group's bonds regarding a long-term financial restructuring of the DOF group.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
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 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.
Historical OSE Notices
DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND RESULT FROM BONDHOLDERS' MEETINGS
April 29, 2022
Reference is made to the resolutions adopted in the bondholders' meetings in DOF
Subsea AS' three bond loans (FRN DOF Subsea AS Senior Unsecured Bond Issue
2013/2020, DOF Subsea AS 9.50% Senior Unsecured Bond Issue 2017/2022 and FRN DOF
Subsea AS Senior Unsecured Bond Issue 2018/2023) on 28 February 2022, whereby
the bondholders on certain conditions approved to extend their waiver from, and
suspension of, all payment obligations under each of the bond loans until 31
March 2022, with a possibility to further extend the standstill arrangement
currently in place to 30 April 2022 with the approval of the ad-hoc committee of
bondholders.
Reference is further made to the announcements on 31 March 2022 regarding the ad
-hoc committee's approval of extension of the standstill arrangement with the
bondholders described above to 30 April 2022.
Discussions and negotiations on the restructuring of the DOF group (the "Group")
are progressing, and the Group, its secured lenders and the advisers to the
bondholders have since the bondholders' meetings in February 2022 continued
negotiations on an overall financial restructuring of the Group. Further
progress has been made in such negotiations, but there are still certain issues
that remain to be resolved to achieve an overall consensual restructuring of the
Group. Consequently, no assurances can be made that the terms of a binding
restructuring agreement will be agreed.
DOF Subsea AS has requested Nordic Trustee AS to summon bondholders' meetings in
the three bond loans to consider the extension of the standstill period
initially until 31 May 2022 and with a possibility to extend the standstill
period on one or more occasions to 30 September 2022 with the approval of an ad
-hoc committee of bondholders to facilitate the finalisation of the negotiation
and documentation of the proposed consensual restructuring. The proposal is
further described in the attached summons to the bondholders in the three bond
loans. A request will also be made to the Group's secured lenders to
correspondingly extend the suspension of payments of principal and interest that
have been granted by a majority of its secured lenders as necessary to finalise
the restructuring.
For further information, please contact:
CEO, Mons S. Aase, tel: +47 91 66 10 12
CFO, Hilde Drønen, tel. +47 91 66 10 09
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 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.
Historical OSE Notices
SUMMONS TO BONDHOLDERS' MEETINGS IN DOF SUBSEA AS - REQUEST TO FURTER EXTEND STANDSTILL PERIOD
April 12, 2022
The Board has in a board meeting, 6[th] of April 2022, approved the DOF ASA
Integrated Annual Report 2021, including the sustainability report and the
financial accounts. The report is also available on the company's website
www.dof.com/sustainability.
Reason for correction: Error in the file names of the ESEF reporting.
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
CSO Stig Clementsen, +47 48 28 73 25
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 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.
Historical OSE Notices
Corr.: DOF ASA INTEGRATED ANNUAL REPORT 2021
April 8, 2022
The Board has in a board meeting, 6[th] of April 2022, approved the DOF ASA
Integrated Annual Report 2021, including the sustainability report and the
financial accounts. The report is also available on the company's website
www.dof.com/sustainability.
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
CSO Stig Clementsen, +47 48 28 73 25
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 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.
Historical OSE Notices
ESG
DOF ASA INTEGRATED ANNUAL REPORT 2021
April 8, 2022
DOF Subsea USA is pleased to announce the award of multiple contracts for the
Ross Candies.
The vessel will be utilised well into Q3 2022, undertaking jumper installations,
span remediation, pre-commissioning, decommissioning, pipelay support and IMR
activities at multiple field locations in the Gulf of Mexico.
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 3,800 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 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.
Historical OSE Notices
Contract awards
DOF Subsea awarded multiple contracts for the Ross Candies
April 8, 2022
DOF Rederi AS, a subsidiary of DOF ASA has signed an agreement to sell the
Skandi Foula, (PSV, built in 2002). The vessel is planned to be delivered to the
new owner in April.
The current charterer, N-Sea Survey BV, of MV "Geosea" (RSV, built in 2002)
owned by DOF Subsea Rederi AS, has exercised its purchase option, with delivery
during 2nd or 3rd quarter 2022.
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 3,800 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 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.
Historical OSE Notices
Sale of vessels
April 5, 2022
Reference is made to previous announcements regarding the extension of
standstill arrangements with the DOF group's secured lenders expiring 31 March
2022 and extension of standstill arrangements with bondholders in DOF Subsea AS'
bond issues also expiring 31 March 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, or received extensions of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS and
in total 95% of the secured debt of companies within the DOF Subsea AS group
(excluding DOF Subsea Brasil Servicos Ltda.) until 30 April 2022, and that DOF
Subsea AS has received confirmation from the ad hoc group of bondholders that
they have agreed to further extend the suspension, deferral and standstill
agreement currently in place for the bond issues to 30 April 2022 in accordance
with the resolutions of the bondholders' meeting held 28 February 2022.
The extensions of the standstill periods will facilitate the DOF group's
continued dialogue with its secured lenders and the bondholders under the DOF
group's bonds regarding a long-term financial restructuring of the DOF group.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09
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 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.
Historical OSE Notices
DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND RESULT FROM BONDHOLDERS' MEETINGS
March 31, 2022
