DOF Subsea contract awards

DOF Subsea has been awarded several contracts, securing utilisation for vessels
in the Subsea/IMR Projects segment.

In the Atlantic region, Skandi Skansen has been awarded a contract for mooring
installation on the Njord Future project by Equinor.

The Atlantic region further announces successful contract awards on the UKCS for
two operators to undertake 60 days of work using the Geosund, one of which is
called off under a long-term frame agreement. The works include pipeline
inspection and environmental sampling.

In the North America region, DOF Subsea is pleased to announce a 3-year renewal
of a frame agreement with a major operator in the US Gulf of Mexico (GOM). Under
the frame agreement, DOF Subsea will be responsible for the final assembly,
transportation and installation of well production jumpers and control flying
leads to support new tie-ins to existing brownfields. The primary installation
vessel will be the Jones Act compliant vessel Harvey Deep Sea.

For further information, please contact:

Mons S. Aase, CEO, Tel: +47 91 66 10 12

Hilde Drønen, CFO, Tel: +47 91 66 10 09
With a multi-national workforce of about 3,500 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 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.