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 Subsea AS has mandated Arctic Securities AS and Pareto Securities AS to arrange a series of fixed income investor meetings commencing on 19 October 2018. Subject to inter alia market conditions 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com "
DOF Subsea is pleased to announce that Mr. Steinar Riise has been appointed as CCO for DOF Subsea effective November 1st and have key relationships with DOF Subsea's internal and external stakeholders globally. Mr. Riise holds a master's degree from the University of Stavanger and has more than 20 years of experience in the oil and gas industry of which the last 15 years in senior management roles. He has held senior management roles such as Project Director Commercial Director and Engineering Manager in Subsea 7 Norway. Prior to joining DOF Subsea Mr. Riise has been engaged with setting up and leading Ocean Installer delivering full EPCI services for the SURF market through its establishment in Stavanger Aberdeen Houston Dubai Perth and Rio de Janeiro. Mons Aase CEO says ""The appointment of Mr. Riise is an important step towards realizing our vision of being a world-class integrated offshore company delivering marine services and subsea solutions responsibly balancing risk and opportunity in a sustainable way together every day. I look forward to working closely with our new CCO and I welcome Steinar to DOF Subsea"". DOF Subsea congratulates Mr. Riise with his new role and wishes him success with his responsibilities. 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com "
The Atlantic region has been awarded a Frame Agreement for marine subsea services from Wintershall. During the course of the Contract 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com "
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Please find enclosed the DOF Subsea Quarterly Financial Report and the DOF Subsea Quarterly Presentation for Q2 2018. For further information 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com
DOF Subsea has been awarded several contracts securing utilisation of personnel and vessels in the Subsea IMR Projects segment. DOF Subsea has been awarded a contract in the Atlantic region by MHI Vestas Offshore Wind for the Skandi Constructor. The contract will commence at the end of Q3 and secures utilisation until the end of 2018. The Asia Pacific region has been awarded several contracts securing ROV and diving work for Skandi Singapore through Q4 2018 for several clients in the Asia Pacific region. For further information 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com
Petrobras has awarded DOF Subsea Brasil a contract for utilization of the Brazilian built OSV vessel Skandi Salvador. The 650 days firm contract (plus 650 days extension by mutual agreement) will commence in July. Skandi Salvador is currently working for Shell Brasil. The CEO Mons Aase states that he is very pleased with this contract award 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 has been awarded several contracts in the Atlantic region pipelines and platform structures as well as light construction and repair work. Jan Kristian Haukeland Executive Vice President for the Atlantic region stated: ""This is a real positive number of wins for the region and for the company. DOF Subsea is well placed to plan and provide strong collaborative support for our clients' projects in Survey and IMR."" For further information please contact: 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 "
TechnipFMC and DOF Subsea (DOF) announce that the Skandi Recife 500 tons underdeck carousel and two work-class ROVs allowing her to lay flexible pipes in water depths up to 2 500 meters. She was built by Vard Promar Brazilian yard where her sister ship Skandi Olinda is currently under construction with a high rate of Brazilian national content. Under the TechnipFMC/DOF joint venture agreement TechnipFMC will manage flexible pipelay and DOF will be responsible for marine operations. DOF Subsea CEO Mons S. Aase said: ""Taking delivery of Skandi Recife and commencing the contract with Petrobras is an important milestone in our partnership with TechnipFMC. We are proud of this significant addition to our Brazilian fleet and look forward to seeing the vessel in operation in the years to come."" Hallvard Hasselknippe President of Subsea activities at TechnipFMC commented: ""We are very proud of this significant addition to our fleet in Brazil and to our partnership with DOF. The delivery of Skandi Recife and the commencement of a new contract with Petrobras reinforce our commitment to the development of the Brazilian market and our extensive ultra-deepwater pipelaying experience."" 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 Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com"