DOF Subsea Group has chartered a CSV on a four year time charter agreement

2/14/2013 2:55 AM EST

DOF Subsea USA has entered into a long-term charter agreement with
Harvey Gulf International Marine for the new build DPII Multipurpose
Construction Vessel, the Harvey Deep-Sea. The four year charter
agreement will commence upon delivery of the vessel from Easter
Shipyard, Florida in June 2013.

The vessel is the only new build Jones Act compliant construction vessel
available to the market until the latter part of 2015.

Since 2010, DOF Subsea North America has experienced strong growth in
capability and market recognition, delivering to the DOF Subsea Group
important and challenging projects using the existing Atlantic fleet.
This charter is an integral part of DOF Subsea's planned expansion
strategy as a global service provider for the deep-water offshore
Survey, IMR and Construction market.

For further information, please contact:
Mons S. Aase, CEO
Tel: +47 9166 1012
With a multi-national workforce in excess of 4,000 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 30 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, Argentine, Egypt, Angola,
and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.