Re-sale of shipbuilding contract

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On 18 March 2010 the shipbuilding contract for Hull 722 (Skandi Hercules) was sold from DOF Installer ASA to DOF Subsea AS. DOF Subsea AS has an option to re-sell the building contract to DOF Installer ASA by giving notice to DOF Installer ASA within ultimo October, on terms and conditions agreed. The re-sale option has now been declared by DOF Subsea AS pursuant to the agreement.
 
For additional information please contact:
Mons S. Aase, CEO, +47 91 66 10 12

With a multi-national workforce in excess of 3,000 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 25 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.