DOF Group ASA – Contract award and charter in vessel

DOF Group is pleased to announce a contract with Subsea7 for a Time Charter of Skandi Acergy, adding a minimum of 18 months firm backlog, at a value in the range USD 85 – 105 million, to the Group. Commencement is expected to be Q1 2025 after the vessels current commitments.

Skandi Acergy is a 2008 built large construction vessel equipped with a 400 ton crane and 2000m2 deck and have installed 2 ROV systems that DOF will operate under the contract.

DOF Group is further pleased to announce an agreement with Maersk Supply Service to charter in Maersk Installer on a 2 years firm Time Charter with options thereafter. Commencement is scheduled for end of Q1 2024.

Maersk Installer is a state-of-the-art large construction vessel. The vessel was delivered in 2017 and is amongst the newest and most modern subsea vessels on the market, it’s equipped with 1 x 400 ton AHC crane and 1 x 100 ton AHC crane to give maximum flexibility for utilising the large, 1850 m2 deck. With DP3, SPS and designed for maximum efficiency, reliability and redundancy DOF view the vessel as a perfectly fit into the DOF Group Fleet and look forward to offering the vessel to Clients world-wide.

For further information, please contact:

Martin Lundberg, SVP Finance and Investor Relations DOF Group ASA
Phone: + +47 916 21 057
E-mail: martin.lundberg@dof.com

About DOF Group ASA

With a multi-national workforce of about 4,000 personnel, DOF Group 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 40 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, Argentina, Canada, Angola, and Australia.