New contracts for the DOF group

8/15/2012 2:30 AM EST

DOF Subsea AS has entered into a contract with Helix Well Ops for the
vessel Skandi Constructor. The contract is 3 year firm with 3x1 year
options. The contract will commence in 2 q 2013.

Skandi Constructor is owned by DOF Subsea and is a well intervention
vessel of Ulstein SX 121 design built in 2009. The vessel has a LOA of
120.2 m and a breadth of 25.0 m and is equipped with a 150 T crane and a
multi-purpose tower with 140 t lift capacity.

Norskan / DOF Subsea Brazil have agreed with Petrobras a 2 year
extension for Skandi Chieftain from 3 q 2012. Skandi Chieftain is a RSV
with ROVs and various deck mounted subsea equipment. Skandi Chieftain
has been working for Petrobras since 2009.

Total contract values for the firm periods are approx. NOK 825 million.

Contact:  CEO Mons Aase, Tel. +47 91 66 10 12
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