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DOF ENTERS INTO CONTRACT WITH FUGRO

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DOF has entered into an agreement with Fugro for a new contract for Skandi Olympia.
The new contract starts in March 2012 for a period of 2 years + 1 year option.

As a result of this new contract with Fugro, DOF will utilize new build 82 at Cochin Shipyard (Skandi Hawk) on the last of the three RSV contracts Norskan Offshore won with Petrobras in October 2010. Expected commencement for this contract is 4th quarter 2011 with a duration of 5 years.

Contact person: CEO Mons S. Aase, tel. +47 91661012.

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