DOF – New contracts – contract extension

In Norway Statoil has extended the contract for Skandi Mongstad with one year from October 2016. In Argentina Total Austral has extended the contract for Skandi Møgster with 6 months from October 2016. In Canada the contract for Skandi Flora has been extended with one well with estimated duration of 6 months. Planned startup is September/October 2016.

Assumed average Ebitda/day from the above contracts is approx. NOK 40-45 000/vessel

Skandi Mongstad and Skandi Flora are large PSVs built in 2008 and 2009 respectively and Skandi Møgster is an AHTS with 16 000 BHP built in 1998.

For further information, please contact:

Mons S. Aase, CEO, Tel: +47 91 66 10 12
Hilde Drønen, CFO, Tel: +47 91 66 10 09

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.