DOF

CONTRACT EXTENSION FOR SKANDI BUZIOS DOF Group ASA(“DOF”) is pleased to announce that an extension to the PLSV Skandi Buzios’ long-term contract has been signed with Petrobras. The existing contract has been extended from April 2025 to September 2026. The Skandi Buzios PLSV is owned and operated by the JV DOF - TechnipFMC. This contract was first announced through a stock exchange notice at 11:48, 20.03.2025. See the official and complete press release on our website.

We are pleased to announce the award for a SURF project in the Atlantic region from an undisclosed energy company. The contract is defined as Very Large, excluding any variation works . DOF shall under this contract deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures. DOF shall also install a floating production unit on behalf of the client. The project shall be executed across DOF's offices in Aberdeen and Bergen, and preparations is already well underway. Offshore execution is planned in second half of 2025 and is expected to involve six DOF vessels and more than 450 vessel days. The area of execution is Africa.  Mons Aase, CEO DOF Group ASA, said: "This contract further demonstrates the confidence energy companies have in DOF to fast-track, manage and execute large-scale marine operations for the installation of critical production infrastructure. We are delighted with this award and eagerly anticipate the opportunity to deliver on this project." DOF defines a Very Large contract as a contract with value between USD 100 million and 200 million. This contract was first announced through a stock exchange notice at 9:03, 20.03.2025. See the official and complete press release on our website.

🎉 New contract award- Atlantic region. We are pleased to confirm the award for an FPSO installation project from an undisclosed client in the Atlantic region.    DOF shall deliver project management, #engineering, logistical services and #offshore execution. To carry out the installation duties, DOF shall utilize two of its AHTS (Anchor Handling Tug Supply) vessels. The project is scheduled for execution in Q2, 2025 in Africa.   The contract value is Significant, which DOF defines as a contract with value between USD 15 million and 25 million. This contract was first announced through a stock exchange notice at 14:58, 14.03.2025. See the official and complete press release on our website. (Archive image of a DOF vessel)

DOF at the Caribbean Subsea Workshop! 🌊⚓ On February 12th, DOF proudly sponsored the inaugural Caribbean Subsea Workshop at the Trinidad and Tobago Energy Conference, hosted by the Energy Chamber. Representing DOF, Keith Lewis, General Manager of the Caribbean Region, joined key industry players to discuss subsea operations, regional collaboration, and standardization. With representatives from Guyana, Suriname, and the Caribbean, the workshop explored project highlights, challenges, resource sharing, and future opportunities to strengthen the Caribbean Subsea Network. Exciting discussions, valuable connections, and a shared commitment to advancing subsea operations in the region! 🚀 #SubseaInnovation #CaribbeanEnergy #OffshoreExcellence

Celebrating International Women’s Day at DOF! 💜🌍 On March 6th, we hosted a global event via Teams to celebrate International Women’s Day. The event featured a panel with internal and external guests from different DOF regions, who shared their experiences and inspired both women and men in the pursuit of equity. Under the theme #AccelerateAction, we discussed key challenges in recruitment—especially offshore, the development of female leadership, and the important role of the DOF Diversity Committee in driving gender equity within our organization. Swipe to the side to see how our global offices marked this special occasion! 📸✨ #IWD2025 #DiversityAndInclusion #EquityForAll

Today we released our Q4 2024 financial results. Take a look at the results in our report or listen to the investor webcast, both available on our website: https://lnkd.in/dyN2APyK In the opening statement from the Q4 report, our CEO Mons Aase says: "Closing of the DOF Denmark transaction during Q4 marks a significant milestone in DOF’s history. Not only do we add 22 high-end vessels to the DOF fleet, but also the competence and experience of new colleagues. Together we will benefit from increased scale, capabilities and reach and continue to deliver world-class offshore and subsea services. [...]" Read the full statement on our website or in the Q4'24 report.

CONTRACT AWARDS FOR SKANDI IMPLEMENTER DOF Group ASA (“DOF”) is pleased to announce two contracts for two subsea construction projects for two international oil companies in the Gulf of Mexico. Skandi Implementer, which recently departed Mexico following contract termination after payment default from a client, will be deployed for the projects. Total expected duration for the projects is approximately two months in total. The vessel will complete the integration of survey services and two of DOF’s ROVs in late February before starting the project mobilization. Mons Aase, CEO DOF Group ASA, said “We are pleased to be able to quickly secure work for Skandi Implementer following the recent contract termination. Beyond contributing with asset utilization and backlog, these contract awards represent advancing another of our I-class vessels into our subsea project business in line with our plan to add subsea service scopes to our most recent additions to the fleet through the DOF Denmark transaction.” This contract was first announced through a stock exchange notice at 16:25, 18.02.2025. See the official and complete press release on our website.

At DOF, we take on complex #offshore projects, and Baleine II has been one of our most significant to date. This operation involved: ✅ Four vessels working in the field ✅ Installation of FSO, FPSO, and essential flow lines ✅ Engineering to secure seabed anchors and moorings ✅ Our first-ever flowline installation of this kind A New Challenge While #moorings and hook-ups are a core part of our expertise, this flowline installation required new technical solutions and problem-solving. Our onshore and offshore teams worked together to deliver the project safely and efficiently. This achievement is a reflection of the skill and dedication of our team. Thank you to everyone involved! 🎥 Watch the full story, captured by Energy Insider 👇

TWO SUBSEA SERVICE CONTRACT AWARDS IN THE APAC REGION The first of the recent subsea service contracts secured in the APAC region will utilise the DSV Skandi Singapore with related saturation diving services to be executed in Malaysian waters. The vessel will be engaged on the contract for an expected 30 days commencing Q2 2025. The second contract award, for construction support services in Indonesia, will utilise one of the region’s multipurpose vessels for offshore execution in Q3 2025 with an expected duration of seven weeks. Both contracted scopes include DOF’s in-house project management and engineering, related subsea and logistics support. Mons Aase, CEO DOF Group ASA, said: “These contract awards secure backlog for the APAC region with an estimated combined value of over USD 30m.” This contract was first announced through a stock exchange notice at 14:30, 04.02.2025. See the official and complete press release on our website.

GONG XI FA CAI. We welcome the year of the snake. From all of us at DOF, we wish you a healthy, happy and prosperous Lunar New Year.