DOF Group ASA ("DOF") is pleased to announce a Substantial contract extension for the AHTS vessel Skandi Cutter. The vessel is currently operating in Canada on a contract ending at the end of 2025, and will continue with the current client under the extended contract for a firm period of three years with two further annual extension options.
DOF defines a Substantial contract as a contract with value between USD 25 million and USD 50 million.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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DOF Subsea is pleased to announce that Petrobras has exercised an option for the diving support vessel Skandi Achiever, including ROV and diving services. The new commitment will now run until February 2024 and has commenced in direct continuation with the current commitment.
In addition, to the newly announced contract on the RSV vessel Geoholm, DOF has just signed another contract to perform survey services for the same period.
The contracts have a combined value in excess of USD 35 million for the firm period.
DOF Subsea CEO, Mons S. Aase, stated: “I am very happy with the contract awards securing utilisation of our personnel in Brazil and one of our key assets in the Group, Skandi Achiever. The contract award also confirms our strong position and track record in Brazil and strengthens our long relationship with Petrobras”.
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
Reference is made to the summons to the bondholders' meetings in each of the DOFSUB07 in order to facilitate the practical implementation of the Restructuring in the CSD Nordic Trustee AS has instructed the paying agent to split the nominal amount of bonds in the DOFSUB08 Bond Issue from USD 100 000 to USD 1 and the nominal amount of bonds in the DOFSUB09 Bond Issue from NOK 500 000 to NOK 1. Updated information on the practical implementation of the Restructuring will be announced on a regular basis until completion of the Restructuring has occurred. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO Martin Lundberg 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. 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"
The Group’s operating revenue for the 4th quarter (management reporting) was NOK 2 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 is pleased to announce a new contract for DOF Subsea Brasil for the charter of our RSV Geoholm. Vessel and ROV will support a large SURF Project in Brazil. With mobilisation planned to start beginning of March 2023 please contact: Mons S. Aase CEO DOF Subsea. Tel: +47 91 66 10 12 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
DOF is pleased to announce a new contract for DOF Subsea Brasil for the charter of our RSV Geoholm. Vessel and ROV will support a large SURF Project in Brazil.
With mobilisation planned to start beginning of March 2023, the contract has 180 days firm plus options and has a total value of more than USD 19 million for the firm period.
Mons S. Aase, CEO, DOF Subsea said, I’m very happy with this award in Brazil. We have supported the Client on projects in all parts of the world and enjoy our excellent relationship.
For further information, please contact:
Mons S. Aase, CEO, DOF Subsea. Tel: +47 91 66 10 12
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 2025 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 2025 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.”
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
Reference is made to DOF ASA's ("DOF ASA" and together with its subsidiaries the "Group") previous announcements regarding (i) the agreement reached with a substantial group of financial creditors and certain other stakeholders (the "Restructuring Agreement") please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO Martin Lundberg 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. 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"
Protecting human rights is an essential duty as global citizens. Starting in 2023, DOF has partnered together with the Slave-Free Alliance (Hope for Justice and Slave-Free Alliance), an organisation that is dedicated to slave-free supply chains. We continue to strengthen our ability to make an impact on anti-slavery with this new partnership, and DOF is the first company from the Nordics to partner with the Slave-Free Alliance.
DOF’s Chief Sustainability Officer Stig Clementsen says:“DOF is proud to be partner of Slave-Free Alliance, and we will use the membership to strengthen our efforts within the area in our global operations.”
Slave-Free Alliance Director Marc Stanton says:“We are delighted that DOF is our first Norway-based company to join our membership programme. DOF recognises the risks of modern slavery and labour exploitation in the maritime and shipping industry and have already taken steps to mitigate them. We will support their journey to cement their industry-leading reputation with meaningful practical steps to prevent and address human rights issues.”