Letter of Intent for Skandi Waveney

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Norskan Offshore Ltda has received a Letter of Intent (LOI) from StatoilHydro Petroleo Brasil Ltda. for Skandi Waveney.
The duration of the firm contract is 2 years plus 2 optional years.
Commencement is estimated to 4th quarter 2009.

Skandi Waveney is owned by Waveney AS. DOF ASA owns 47% of Waveney AS.
Norskan Offshore Ltda is a subsidiary of DOF ASA.

Contact: CEO Mons Aase, tel +47 91 66 10 12

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