DOF Subsea AS has been awarded several contracts

DOF Subsea AS, a subsidiary of DOF ASA, has been awarded several contracts, with a total value of approx. NOK 150 million.

In the Atlantic region, DOF Subsea has been awarded a call-off contract for 2014 by Statoil Petroleum AS under an existing Survey Frame Agreement. The call-off covers a minimum 4 months’ work including seabed mapping, pipeline inspection, lay support and assorted light construction services. The work will be carried out on various fields primarily in the Norwegian part of the North Sea using the specialized RSV Geosund. The Geosund has performed similar work under the same Frame Agreement in 2012 and 2013.

The charter agreement for the vessel Ocean Protector has been extended by 6 months by the charterer Australian Customs and Border control and the vessel will be on firm charter until year-end 2014.

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 4,600 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.