DOF Subsea Rederi AS, a wholly owned subsidiary of DOF Subsea AS, has completed
the sale of the CSV Geograph (built in 2007) to an international buyer. The
vessel will be delivered to the new owner in May 2021. The gain from the sale is
approximately NOK 20 million.
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 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 vessel
April 26, 2021
DOF Subsea has been awarded a contract by Siemens Gamesa for Skandi Constructor.
The vessel will be utilized for projects on several offshore wind farms in
Germany with a duration up to 160 days, starting in April.
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 3,150 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.
Historical OSE Notices
Contract awards
Contract award Skandi Constructor
April 23, 2021
Please find attached the DOF ASA Integrated Annual Report 2020 including
sustainability reporting and complete annual accounts with notes. 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
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.
Historical OSE Notices
DOF ASA INTEGRATED ANNUAL REPORT 2020
April 16, 2021
The Board of Directors has today approved DOF ASA Integrated Annual Report 2020.
The General Meeting is scheduled for Thursday 27th of May 2021 at Storebø in
accordance with the financial calendar. Notice of General Meeting and the agenda
with attachments will be published through Oslo Børs and www.dof.com. Notice of
General Meeting will also be sent by post to the shareholders.
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.
Historical OSE Notices
Approval of the Annual Accounts 2020
April 7, 2021
Reference is made to the bondholders' meeting in DOFSUB07 (ISIN NO 001 0670144),
DOFSUB08 (ISIN NO 001 078817.7) and DOFSUB09 (ISIN NO 001 083681.0) held on 1
February 2021 in accordance with the summons dated 15 January 2021. DOF Subsea
AS has received confirmation from the ad hoc group of bondholders that they have
agreed to extend the suspension, deferral and standstill arrangement currently
in place for the bond issues from 31 March 2021 to 30 April 2021 in accordance
with the resolutions made at the meetings.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO DOF Hilde Drønen 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.
Historical OSE Notices
DOF ASA AND DOF SUBSEA AS: EXTENSION OF STANDSTILL ARRANGEMENT WITH BONDHOLDERS
March 28, 2021
The DOF Group is pleased to announce the award of term contracts for three of
its PSV's. The first award, commencing in April, is the charter of large modern
PSV Skandi Gamma to Ithaca Energy (UK) Limited for a period of 2 years firm,
plus 2 x 1 year options. The vessel has been working in the UKCS since 2019,
and the DOF Group is delighted to be embarking on a long-term partnership with a
major UK Operator.
In addition, the DOF Group has secured contracts for two large PSV's with an
International Contractor, to support pipehaul operations in Guyana in 2021 and
2022. The 2021 Campaign is expected to commence in early Q3, and the award
secures a backlog of at least 150 days in 2021, and 270 days in 2022. DOF has
previously supported pipelay activities in Guyana with the same client, and is
pleased to continue operations in a growing offshore region.
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 3,150 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.
Historical OSE Notices
Contract awards
Term contracts for three PSV's
March 18, 2021
With reference to Oslo Rulebook II - Issuers Rules section 2.10.3 Oslo Børs may
decide to allocate a security to the Penalty Bench if the Issuer fails to comply
with the Rules. Oslo Børs has decided to allocate DOF ASA, ISIN: NO0010070063 to
Penalty Bench as the Issuer is in breach of Oslo Rule Book II section 4.1
regarding minimum market value of NOK 1 per share.
Historical OSE Notices
MOVE TO PENALTY BENCH
March 15, 2021
DOF Rederi AS, a wholly owned subsidiary of DOF ASA, has completed the sale of
the PSV Skandi Texel (MT 6009S design), built in 2006 to a Norwegian company.
The vessel will be delivered to the new owner with immediate effect and will
depart from the oil service sector after the sale. The gain from the sale is
approximately NOK 12 million.
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.
Historical OSE Notices
DOF Rederi AS - Sale of vessel
March 3, 2021
The Group's revenue for 4th quarter (management reporting) totals NOK 1 680
million (NOK 1 979 million) and the EBITDA totals NOK 606 million (NOK 805
million, adjusted for hedge accounting). The operating profit (EBIT) is NOK -335
million (NOK 98 million), of which depreciation and impairment totals NOK 942
million (NOK 651 million). Net profit is NOK 238 million (NOK -512 million).
In summary, 2020 has been a challenging year due to continued downturn in the
markets which has increased the pressure on earnings and utilisation. In
addition, the COVID-19 virus has continued to impact operations. The Group has
secured new contracts with a total value of approximately NOK 6.1 billion the
last 12 months, and in the 4th quarter new contracts with a value of NOK 1.6
billion have been secured.
The restructuring of the Group's debt is ongoing and standstill agreements have
been agreed until the 30th of April with the majority of the secured lenders and
until the 31st of March with the bondholders. BNDES has extended the standstill
agreement for the majority of the facilities until the 10th of June. The Group
is dependent on continued standstill agreements with its creditors until a long
-term financial solution is agreed to maintain as going concern.
The average utilisation of the Group's owned fleet during the 4th quarter was
68% ; 77% for the subsea fleet, 59% for the AHTS fleet and 56% for the PSV
fleet.
General operational comments in Q4:
. Improved performance from subsea projects in the Asia-Pacific and the
Atlantic regions
. Increased activity in Brazil and several vessels mobilising for new
contracts
. Continued weak North Sea market
. The Group's current backlog is NOK 15.3 billion
Please see enclosed 4th quarter Financial Report 2020.
Webcast is available Thursday, 25th of February at 08:30 on www.dof.com.
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 3,150 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.
Historical OSE Notices
Financial Report 4th quarter for DOF ASA
February 25, 2021
