DOF - New contract with Petrobras

Through its Brazilian subsidiary, Norskan Offshore, DOF has signed a contract with Petrobras for Skandi Leblon. The contract will commence in second quarter 2011 and has a firm duration of 4 years. Petrobras has options to extend the contract with additional 4 years.

Skandi Leblon is a PSV of UT 755 L design built in Brazil in 2003.

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