NEW CONTRACTS IN BRAZIL

DOF’s subsidiary Norskan Offshore Ltda has been awarded a 1+1 year contract with Petrobras for Skandi Botafogo. The contract will commence 15 February. Skandi Botafogo is an AHTS, UT 722L, built in Brazil.

Norskan has further secured two contracts with Petrobras for Skandi Leblon and Skandi Flamengo for 365 days and 668 days respectively. The vessels are two PSV’s sold in 2015, however Norskan retained market risk on contract renewal for these vessels after sale.

“It is very satisfactory that Norskan continues to secure long term contracts for our Brazilian fleet. In 2016 we had low utilization for Skandi Flamengo. These new awards secures a higher backlog for these vessels in 2017 compared to 2016” says Mons S. Aase.

For further information, please contact:

Mons S. Aase, CEO, DOF ASA. Tel: + 47 91 66 10 12
Hilde Drønen, CFO, DOF ASA.   Tel: + 47 91 66 10 09

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.