28 August 2025: DOF Group ASA ("DOF") has mandated DNB Carnegie and Pareto Securities as Global Coordinators and Joint Bookrunners...
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
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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.”
DOF has been awarded an EPRD (Engineering, Preparatory works, Removal, Transportation, Recycling and Disposal) contract by Equinor Energy AS.
The scope of work related to the Heimdal subsea decommissioning works and includes the recovery and disposal of approximately 2000 tons of subsea equipment. The offshore work is scheduled in two main campaigns across 3 DOF vessels between 2024 and 2028.Project Management and engineering starts immediately and shall be delivered by DOF`s expert cessation team based in Bergen, Norway.
Mons S. Aase, Group CEO in DOF said, “I`m pleased that we once again are trusted to deliver a complex subsea project for Equinor. I look forward to completing the project safely and successfully.”
For further information, please contact:Mons S. Aase, CEO, DOF Subsea. Tel: +47 91 66 10 12Marianne Møgster, SVP Finance, DOF Subsea. Tel: +47 99 30 69 16
DOF has been awarded an EPRD (Engineering Norway. Mons S. Aase Group CEO in DOF said “I`m pleased that we once again are trusted to deliver a complex subsea project for Equinor. I look forward to completing the project safely and successfully.” 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 DOF ASA's (the "Company" or "DOF ASA" nor any of the employees of the Group are to be affected by such alternative implementation of the financial restructuring. For further information please contact: CEO Mons Aase tel. +47 91 66 10 12 CFO DOF ASA Hilde Drønen tel. +47 91 66 10 09 This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Hilde Drønen CFO DOF ASA. 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."
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.