DOF ASA (DOF) 🚢

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Contract award Skandi Constructor

DOF Subsea has been awarded a contract by Siemens Gamesa for Skandi Constructor.
The vessel will be utilized for projects on several offshore wind farms in
Germany with a duration up to 160 days, starting in April.
…

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Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,150 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, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

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Sale of vessel

DOF Subsea Rederi AS, a wholly owned subsidiary of DOF Subsea AS, has completed
the sale of the CSV Geograph (built in 2007) to an international buyer. The
vessel will be delivered to the new owner in May 2021. The gain from the sale is
…

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approximately NOK 20 million.

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 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

Reference is made to previous announcements on 21 January 2021 and 28 March
2021, respectively, regarding extension of standstill arrangement with secured
lenders expiring 30 April 2021 and extension of standstill arrangement with
…

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bondholders in DOF Subsea AS’ bond issues also expiring 30 April 2021.

DOF ASA and DOF Subsea AS are now pleased to announce that each of the companies
have agreed to further extend the principal and interest suspension agreements
with, or received extension of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and its subsidiaries
(other than the DOF Subsea AS group) and in total 88% of the secured debt of
companies within the DOF Subsea AS group, and that DOF Subsea AS has received
confirmation from the ad hoc group of bondholders that they have agreed to
further extend the suspension, deferral and standstill arrangement currently in
place for the bond issues from 30 April to 31 May 2021.

The extensions of the stand-still periods are entered into to facilitate the
Group’s continued dialogue with its secured lenders and the bondholders under
the Group’s bond loans regarding a long-term financial restructuring of the
Group. The discussions with the Group’s main creditors remain constructive, and
the Group expects that further progress towards a consensual solution will be
made over the coming months.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12
CFO DOF Hilde Drønen 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, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

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OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)
Norwegian Air Shuttle ASA (NAS) (since 09.11.2020
Axxis Geo Solutions (AXXIS) (since 14.01.2021)
Polarcus Limited (PLCS) (since 26.01.2021)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[TekBot]

Contract awards in the Atlantic Region

DOF Subsea has been awarded multiple contracts for execution in the North Sea,
including a number of turnkey subsea projects within our core service lines -
Inspection, Maintenance & Repair (IMR), Construction and Decommissioning.
…

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The projects combined totals more than 340 vessel days excluding options, and
will be executed during 2021.

Skandi Acergy, Skandi Skansen, Skandi Iceman, Skandi Hera and a contracted third
-party vessel shall be utilized in the offshore execution phases.

All awards include Project Management, engineering, procurement and logistics
which shall be delivered by our integrated subsea experts’ team across Bergen
and Aberdeen.

DOF Subsea shall towards a key Renewables client, deliver one of our
construction assets and associated services during the construction phase of a
major offshore wind project. The project totals at least 150 vessel days.

Several of the awards are EPRD (Engineering, Preparation, Removal and Disposal)
decommissioning contracts, and DOF Subsea is planning to deploy multiple vessels
in-field during execution phases.

In excess of the awards, DOF Subsea has received a number of purchase orders
related to ongoing contracts in North Sea and Africa. These awards are enabling
our clients to take advantage of the extended capabilities of the contracted
vessels, with access our integrated marine operations services. One of the
variation orders aided DOF Subsea to fast-track a flex-lay installation
campaign, delivering project management, engineering, procurement, logistics and
offshore execution to the highest expectation of the client.

Mons S. Aase, CEO, DOF Subsea said “I am pleased by the continued trust from our
clients in Norway and United Kingdom. DOF Subsea continues to secure projects
across the energy sector, delivering mission critical solutions without
compromise to safety.”

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 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

Invitation to presentation of Q1 2021 results

DOF ASA will release the Q1 results on Wednesday 26th of May 2021. The report
will be available at www.dof.com and
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…

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0).

Due to the COVID-19 situation and the government’s recommendation to limit
physical meetings, the presentation will be held as a webcast at 08:30 CET the
same day on: http://www.dof.com/webcast.

The presentation will be held by CEO Mons S. Aase and CFO Hilde Drønen.

If you have questions, please contact the Company.

Contact:

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

CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

Multiple contract awards in Brazil

DOF Subsea is pleased to announce the awards of multiple Vessel and ROV
contracts to support the Ocean Bottom Node Seismic campaigns by Shearwater
GeoServices Holding AS on Petrobras’s Jubarte, Tupi and Iracema fields offshore
…

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Brazil.

The vessel Skandi Neptune has been allocated for the project and is now getting
ready for transit to Rio de Janeiro for commencement of the Jubarte survey in
Campos Basis over a 3-months period.

The Tupi and Iracema surveys, should start in Q3 2021 in the Santos Basis and
are expected to last approximately nine months.

The award by Shearwater validate again DOF Subsea’ capability to adapt and
expand into new growing markets such as the 3D ocean Bottom Node Survey.

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 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

Financial Report 1st quarter for DOF ASA

The Group’s revenue for 1st quarter (management reporting) totals NOK 1 514
million (NOK 2 074 million) and the EBITDA totals NOK 492 million (NOK 804
million). The operating profit (EBIT) is NOK 45 million (NOK -1 035 million), of
…

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which depreciation and impairment totals NOK 447 million (NOK 1 839 million).
Net profit is NOK -801 million (NOK -4 116 million).

The challenging markets have continued into 2021 and the global Covid-19
situation has further continued to impose challenges to the operations of the
Group.

The average utilisation of the Group’s owned fleet during the 1st quarter 2021
was 67%; (71% - subsea fleet, 70% - AHTS fleet, 57% - PSV fleet), compared to
81% in 1st quarter 2020.

General operational comments in Q1:
. Increased activity in the Atlantic region.
. Reduced utilisation in the Asia-Pacific and North America regions.
. High activity in Brazil, operations impacted by several vessel mobilisations
and Covid-19
. 3 vessels agreed sold (2 delivered in 1st quarter), 1 vessel recycled.
. The Group’s current backlog is NOK 14.2 billion

The restructuring of the Group’s debt is ongoing and standstill agreements have
been agreed until the 31st of May 2021 with the majority of the secured lenders
and the bondholders. BNDES standstill agreements are applicable until 10th of
June for the majority of the facilities. The Group is dependent on continued
standstill agreements with its creditors until a long-term financial solution is
agreed to maintain as going concern.

Please see enclosed 1st quarter Financial Report 2021.

Webcast is available Wednesday, 26th of May at 08:30 on www.dof.com.

Contact:
CEO Mons Aase, Tel + 47 91 66 10 12
CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

Ordinary general meeting

Ordinary general meeting in DOF ASA was held today, 27 May 2021.

All items were resolved in accordance with the Boards calling notice and the
…

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nomination committee’s recommendations.

Please find attached copy of the minutes of the ordinary general meeting in DOF
ASA 2021.

Contact:

CEO Mons Aase, tel. +47 91661012

CFO Hilde Drønen, tel. +47 91661009

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

DOF ASA AND DOF SUBSEA AS: FURTHER EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND BONDHOLDERS

Reference is made to previous announcements on 21 January 2021, 28 March 2021
and 30 April 2021, respectively, regarding extension of standstill arrangement
with secured lenders expiring 31 May 2021 and extension of standstill
…

Vis børsmeldingen

arrangement with bondholders in DOF Subsea AS’ bond issues also expiring 31 May
2021.

DOF ASA and DOF Subsea AS are now pleased to announce that each of the companies
have agreed to further extend the principal and interest suspension agreements
with, or received extension of similar concessions from, secured lenders
representing in total 91% of the secured debt of DOF ASA and DOF Rederi AS, and
in total 88% of the secured debt of companies within the DOF Subsea AS group
(excluding DOF Subsea Brasil Servicos Ltda.) until 30 June 2021. DOF Subsea AS
has also received confirmation from the ad hoc group of bondholders that they
have agreed to further extend the suspension, deferral and standstill
arrangement currently in place for the bond issues until 30 June 2021.

The current stand-still arrangement with BNDES to Norskan Offshore Ltda. and DOF
Subsea Brasil Servicos Ltda. will expire on 10 June 2021, and further extensions
have been sought from BNDES. In the event that such further stand-still is not
obtained from BNDES, the continuation of the extended stand-still with the other
secured lenders will require acceptance from the secured lenders to servicing of
certain debt to BNDES.

The extensions of the stand-still periods are entered into to facilitate the
Group’s continued dialogue with its secured lenders and the bondholders under
the Group’s bond loans regarding a long-term financial restructuring of the
Group.
For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO DOF Hilde Drønen tel. +47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

DOF ASA AND DOF SUBSEA AS: EXTENSION OF STANDSTILL AGREEMENTS WITH SECURED LENDERS AND RESULT FROM BONDHOLDERS’ MEETINGS

Reference is made to previous announcements regarding the extension of
standstill arrangements with the DOF group’s secured lenders expiring 30 June
2021 and extension of standstill arrangements with bondholders in DOF Subsea AS’
…

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bond issues also expiring 30 June 2021.

DOF ASA and DOF Subsea AS are pleased to announce that each of the companies
have agreed to extend the principal and interest suspension agreements with, or
received extensions of similar concessions from, secured lenders representing in
total 91% of the secured debt of DOF ASA and its subsidiaries (other than the
DOF Subsea AS group) and in total 88% of the secured debt of companies within
the DOF Subsea AS group excluding DOF Subsea Brasil Servicos Ltda. until 31
August 2021.

Norskan Offshore Ltda. and DOF Subsea Brasil Servicos Ltda. have applied for an
extension of their standstill arrangements with BNDES, but have not yet received
an approval.

Reference is further made to the previous announcement on 16 June 2021 regarding
summons to bondholders’ meetings in DOFSUB07 (ISIN NO0010971005), DOFSUB08 (ISIN
NO0010788177) and DOFSUB09 (ISIN NO0010836810) in which DOF Subsea AS requested
an extension of the standstill period for the three bonds initially until 31
August 2021 and with the possibility to extend to 30 September 2021 with the
approval of an ad-hoc committee of bondholders.

DOF Subsea AS is pleased to announce that the bondholders’ meetings were held
today and the proposed resolution received 99.11%, 93.40% and 100.00% of the
votes in DOFSUB07, DOFSUB08, and DOFSUB09, respectively. Approval of the
proposal set out in the summons required 2/3 majority in all three bonds, and
the proposal was consequently approved. Please see the attached minutes from the
bondholders’ meetings.

The extensions of the standstill periods will facilitate the DOF group’s
continued dialogue with its secured lenders and the bondholders under the DOF
group’s bonds regarding a long-term financial restructuring of the DOF group.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen 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, Canada, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

DOF ASA - New share capital

Reference is made to previous stock exchange announcements regarding the
subordinated convertible bond loan issued by DOF ASA (“DOF” or the “Company”) on
5 August 2016 (the “Subordinated Convertible Bond”).
…

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The Subordinated Convertible Bond matured on 6 July 2021. In accordance with the
terms and conditions of the Subordinated Convertible Bond, the outstanding
amount of NOK 74,933,885 have therefore been converted to new shares in the
Company.

As a result, the share capital of the Company has today, 7 July 2021, been
increased with NOK 7,493,388 by issuance of 7,493,388 new shares, each with a
nominal value of NOK 1, at the conversion price of NOK 10.00 per share.
Following the share capital increase, the Company’s share capital is NOK
316,456,167, divided into 316,456,167 shares, each with a nominal value of NOK
1.

The new shares will be registered on the respective bondholders’ VPS accounts
and be tradable on the Oslo Stock Exchange from and including 8 July 2021.

Following the conversion, there is no outstanding amount under the Subordinated
Convertible Bond.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, tel. +47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[Andyboi]

Markedet er splitterpine loco

[TekBot]

New contracts in Brazil

DOF ASA’s Brazilian subsidiary Norskan has been awarded two contracts.

Skandi Paraty (AHTS 21,000 with ROV operated by DOF Subsea Brasil) has been
…

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awarded an 1-year contract extension with Petrobras until July 2022.

Skandi Iguaçu is on-hire with Equinor on a spot contract utilisation in July
and August, 2021.

For further information, please contact:

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

CFO Hilde Drønen, +47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde

[TMV]

Ja “money makes money”. Tenkte å plukke en post her for noen dager siden, men så ble det påfyll i Soff i stedet. Er du inne i Dof?

[Andyboi]

Nei, tenkte jeg skulle ta et bet i Prs og DOF før oppgangen, men ble med tanken😞 Artig å se hvor psyko markedet oppfører seg, lurer nesten på om jeg skal putte alle penga i GEOS, de har jo også fremgang med sine kreditorer så kan jo sikkert bli et voldsomt vakuum-case det også🤪

[Teiner]

Alt som skal til på slike jallaaksjer er at noen begynner å plukke poster og gi den en god teknisk bane fra morgenen av så seiler den videre på fomo. Dead cat bounce.

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Insr Insurance Group ASA (INSR) (since 29.06.2020)
…

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Prosafe SE (PRS) (since 05.11.2020)
Seadrill Ltd (SDRL) (since 05.11.2020)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain.

Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

DOF ASA (DOF) (since 15.03.2021)
Netoil Capital Ltd. (NOC) (since 23.07.2021)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[TekBot]

Contract award for the joint venture between DOF Subsea and Aker Solutions

The joint venture between DOF Subsea and Aker Solutions, KDS JV AS, has secured
a subsea decommissioning contract for DNO at the Norwegian Continental Shelf.
The contract includes engineering, preparation, removal & disposal work (EPRD)
…

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of associated subsea hardware.

Project scope includes the removal and disposal of Subsea infrastructure
including template, manifold, production spools, umbilical, covers and
associated hardware.

The project shall be delivered by an integrated expert team from the JV
partners. DOF Subsea shall deploy Skandi Acergy from its fleet, and Aker
Solutions shall use its disposal site at Stord for recycling.

Engineering will start immediately, and offshore execution is planned in Q1
2022, but with a possibility for an earlier start in Q4 2021.

For further information, please contact:

CEO Mons Aase, Tel + 47 91 66 10 12

CFO Hilde Drønen, Tel + 47 91 66 10 09

With a multi-national workforce of about 3,150 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 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.
DOF ASA is listed on the Oslo Exchange since 1997.

Kilde