NEW CONTRACTS IN BRAZIL

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Petrobras has extended the RSV contract for the vessel Geoholm with 18 months until December 2016. The extension is a direct continuation of the current contract and the vessel has been operating for Petrobras since January 2014. Geoholm is owned by the subsidiary DOF Subsea AS.

Statoil and Norskan Offshore Ltda. have signed a 2 years contract + 2*1 year options for the vessel Skandi Peregrino. The new contract will start after end of current contract on 23 December 2015, hence the vessel is firm until December 2017. Skandi Peregrino has operated for Statoil in Brazil since 2010. The vessel is owned by DOF Deepwater, a 50/50 joint venture owned by DOF ASA and Akastor ASA.

The total contract values for the firm periods are approx. NOK 575 million.

Mons S. Aase stated that he is very pleased with the contract awards and the organization ability to secure long term work in a challenging market.

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 5,000 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.

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