DOF awarded new contracts

DOF has been awarded a new 3 year contract from Fugro Subsea Services Ltd. for Skandi Olympia. The contract will commence in March 2014. Fugro Subsea Services Ltd. has the right to extend the contract with 2 additional years in addition to the 3 year firm period.

DOF has signed two one year contracts with Total Austral S.A., Argentina for Skandi Møgster and Skandi Saigon. Commencement on both contracts will be in 1st quarter 2014. Total Austral S.A. can extend the contracts with 1 year.

Nexen UK has awarded Skandi Sotra a 2 month contract with commencement in December 2013.

Estimated contract value for the firm part of the above mentioned contracts is approximately NOK 395 million.

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 4,700 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.