DOF sells the vessel SKANDI WAVENEY

DOF has sold its PSV vessel SKANDI WAVENEY, built 2001, to a company outside Norway and not engaged in the offshore oil service industry. Delivery of the Vessel is expected to take place mid March, 2017, upon the Vessel completing its current contract engagement.

The sale will not have any impact of significance on accounting or the cash position of the owner company.

The sale is in line with DOF’s strategy to divest itself of some of the older vessels in its fleet not on term charters and seen as lesser prospects in the foreseeable future.

For further information, please contact:

Mons S. Aase, CEO, DOF ASA – Tel: +47 91 66 10 12

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.