DOF – charter agreements with ConocoPhillips

DOF has been awarded two six-year charter contracts with ConocoPhillips Skandinavia AS for two supply vessels of STX PSV 09 design. Both contracts include additional option periods. The operating area will be in the North Sea.

The vessels are scheduled for delivery from STX OSV, Aukra, respectively 4th quarter 2011 and the 1st quarter of 2012. Both vessels are owned by PSV Invest I AS, where DOF ASA owns 48% of the shares.

The contracts are entered into at market conditions and it is agreed with ConocoPhillips that the commercial terms of the contracts will not be published.

For further information please contact:  CEO Mons S. Aase, +47 91 66 10 12

With a multi-national workforce in excess of 3,000 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 25 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.

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