DOF ASA (DOF) 🚢

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DOF Subsea contract awards in APAC region

DOF Subsea have been awarded two contracts in the Asia Pacific region, securing
backlog for the onshore team and offshore fleet. The first project involves
saturation diving and will see Skandi Singapore deployed for 3 to 4 weeks
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starting early Q4 2020.

The second award is for onshore preparation and planning for a decommissioning
project which, with further possibility for offshore work in 2021.

Mons S. Aase, CEO, DOF Subsea said, “I am pleased that that we continue to build
backlog for the region and that DOF Subsea is a trusted provider for integrated
subsea operations across multiple disciplines. DOF Subsea is continuously
working to develop efficient services 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 3,500 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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DOF Subsea Australia Contracted by Woodside Energy

Woodside has awarded DOF Subsea Australia a contract to provide Transportation &
Installation (T&I) services in support of flowline installation operations in
the Cossack Wanaea Lambert and Hermes (CWLH) field, North West Shelf, Australia.
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The award includes Project Management, Engineering, Transportation and
Installation Services and is expected to be completed during Q3 2021. The
project will utilise the DSV Skandi Singapore, which, with an in-built
saturation diving system and 140Te AHC crane, is ideally suited to these
operations.

Mons Aase, CEO DOF Subsea AS, said, “We look forward to working with Woodside to
deliver safe and efficient award.”

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

Kilde

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DOF ASA: COMPLETED DEMERGER OF MØGSTER MOHN OFFSHORE AS AND DISCLOSURE OF LARGE SHAREHOLDINGS

Reference is made to the announcement made on 17 June 2020 regarding the
demerger of Møgster Mohn Offshore AS (“MMO”). The demerger has today been
completed and registered with the Norwegian Register of Business Enterprises,
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with the effect that 50,631,330 of the 150,638,643 shares MMO owns in DOF ASA
have been transferred to Perestroika Industri AS, resulting in Perestroika
Industri AS holding shares representing 16.45% of the outstanding shares and
votes in DOF ASA.

Perestroika Industri AS is a company wholly owned by Perestroika AS, which in
turn is a company wholly owned by Frederik W. Mohn.

MMO holds 100,007,313 shares, representing 32.49% of the outstanding shares and
votes in DOF ASA following completion of the demerger.

Laco AS, as the majority shareholder in MMO, owns indirectly 100,005,652 shares
(representing 32.49% of the outstanding shares and votes) in DOF ASA following
completion of the demerger.

This announcement is subject to disclosure pursuant to section 4-3 of the
Norwegian Securities Trading Act.

Kilde

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DOF SUBSEA AS: ADDENDUM TO BONDHOLDERS’ SUMMONS

Reference is made to the summons to bondholders’ meetings in DOFSUB07 (ISIN NO
001 0670144), DOFSUB08 (ISIN NO 001 078817.7) and DOFSUB09 (ISIN NO 001
083681.0) issued by DOF Subsea AS (the “Company”) dated 16 September 2020, where
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the Company requested, on the terms and subject to the limitations set forth in
the summons, that the bondholders’ meetings approve the current suspension,
deferral and standstill arrangement that were approved in the Bondholders
Meeting on 22 April 2020. The bondholders’ meetings have been scheduled for 30
September 2020 at 13.00 hours (Oslo time).Following discussions between the
Company and an ad-hoc group of bondholders in each of the bond issues and their
respective advisors, the Company wishes to make certain amendments to the
summons as set out in the attached addendum.

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

Kilde

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DOF SUBSEA AS: RESULT FROM BONDHOLDERS’ MEETINGS

Result from bondholders’ meetings

Reference is made to the summons to bondholders’ meetings in DOFSUB07 (ISIN NO
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001 0670144), DOFSUB08 (ISIN NO 001 078817.7) and DOFSUB09 (ISIN NO 001
083681.0) issued dated 16 September 2020 and the addendum to the summons issued
30 September 2020. The bondholders’ meetings were held today and the proposed
resolution received 99.2%,100% and 100% 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.

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

Kilde

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

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 extension of similar concessions from, secured lenders representing in
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total 83% 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.

Pursuant to said agreements, payments of principal and interest to the secured
lenders, except for servicing of the NOK 100 million credit facility provided to
DOF Subsea AS by certain of its lenders on 27 March 2020 to cover its immediate
liquidity needs (the “MNOK 100 Credit Facility”), are suspended until 31 January
2021 on certain customary terms and conditions. Such terms and conditions
include customary restrictions on the DOF group (the “Group”) in the relevant
period and customary termination rights for the secured lenders.

The current stand-still from BNDES to Norskan Offshore Ltda. will expire on 31
December 2020, and the continuation of the extended stand-still with the other
secured lenders to 31 January 2021 will then either require a continued stand
-still from BNDES from 31 December 2020 to 31 January 2021 or acceptance to
servicing of the debt to BNDES by the other secured lenders.

The MNOK 100 Credit Facility referred to above, which originally expired on 30
June 2020, has also been extended.

The extensions of the stand-still periods are entered into in order to
facilitate the continued constructive dialogue with the secured lenders and
bondholders under the Group’s bond loans regarding a long-term financial
restructuring of the Group.

The suspension agreements comprise all companies within the Group, except for
DOF Subsea Brasil Servicos Ltda. As regards the secured lenders (other than the
secured lenders of DOF Subsea Brasil Servicos Ltda.) who have not entered into
the suspension agreements or provided a similar concession, DOF ASA and DOF
Subsea AS will continue to impose an unilateral stand still on the payment of
principal and interest to such secured lenders for as long as the suspension
agreements remain in force. Such unilateral stand still is required to comply
with the terms of the suspension agreements.

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

Kilde

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Skandi Vega - extension of contract with Equinor Energy AS

Equinor Energy AS has declared an option to extend the firm period of Skandi
Vega from 6 months to 2 years, and the vessel will be firm until May 2022.
Skandi Vega has worked continuously with Equinor since 2010.
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DOF ASA CEO, Mons S. Aase, said “DOF is delighted to further strengthen the
relation with Equinor and to secure firm backlog”.

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

Kilde

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Restructuring of DOF Deepwater AS completed

Reference is made to the stock exchange release dated 27 August 2020 regarding
the restructuring of DOF Deepwater AS ("DDW "), now renamed to DDW Offshore AS.
Final agreements have now been entered into by all parties and Akastor will from
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today own all the shares in DDW. DDW will not be included in the DOF Group’s
reporting from Q4 2020.

For further information, please contact:

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

CFO Hilde Drønen, tel: + 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

[TekBot]

DOF Subsea has been awarded a MPSV contract on the Mero Field in Brazil

The DOF Group is pleased to announce another contract award in Brazil for Libra
Consortium, supporting Petrobras’ operation activities on the Brazilian
continental shelf.
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Petrobras has awarded DOF Subsea a 3 years MPSV vessel contract for Mero field.
Skandi Salvador is the vessel that will operate 2 x WROV for 24 hours providing
inspection, maintenance and subsea commissioning services in water depths of up
to 2,500m, including shallow dive services with Oceânica.

The contract reinforces DOF’s strategic positioning in the Brazilian market.
Since June 2020, the DOF Group has been awarded contracts in Brazil worth USD
250 million.

DOF Subsea Brazil will be responsible for the ROV operations while Norskan will
be responsible for marine operations. Both companies are 100% owned subsidiaries
of DOF ASA.

Mons S. Aase, CEO in DOF Group said, “I am very pleased over being awarded this
long-term contract with Petrobras. The award further strengthens DOF’s position
in the IMR market in Brazil. DOF Subsea is dedicated to deliver efficient
services without compromise to safety.”

Libra Consortium is led by Petrobras - with a 40% interest - in partnership with
Shell Brasil (20%); Total (20%), CNODC (10%) and CNOOC Limited (10%). The
Consortium also has the participation of the state-owned company Pré-Sal
Petróleo SA (PPSA) as manager of the Production Sharing Agreement.

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 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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Fra og med i dag publiserer jeg daglige topp 50 aksjonærlister for DOF. Du finner alle listene i toppmenyen Er du ikke Insider? Bli det nå og få umiddelbar tilgang til listene

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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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Bondholders in the Subordinated Convertible Bond have in accordance with the
terms and conditions of the Subordinated Convertible Bond requested to convert
bonds with an aggregate nominal value of NOK 12,000,000 to new shares in the
Company.

As a result, the share capital of the Company has today, 29 October 2020, been
increased with NOK 1,200,000 by issuance of 1,200,000 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
308,962,779, divided into 308,962,779 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 30 October 2020.

Following the conversion, the new outstanding amount under the Subordinated
Convertible Bond is NOK 74,933,885.

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 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]

Contract extension for Skandi Africa

DOF Subsea is pleased to announce an award for Skandi Africa for a 2-year
contract extension. The new contract will commence in direct continuation with
the current contract.
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Skandi Africa is a high-end subsea vessel designed for harsh environment and
deepwater subsea construction and flexlay operations.

DOF Subsea CEO, Mons S. Aase, stated, “Skandi Africa is the most sophisticated
vessel in our fleet and we are looking forward to continue the journey,
delivering successful installation campaigns”.

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 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 - Disclosure of Shareholding

Perestroika Industri AS [entity tbc](“Perestroika Industri”) hereby gives notice that due to a sale of 1,939,760 shares in DOF ASA (“DOF”), Perestroika Industri’s shareholding in DOF has, as of 4 November 2020, fallen below the 15% threshold.

Perestroika Industri currently owns 44,664,790 shares in DOF, representing 14.46% of the total share capital, calculated based on a total number of shares outstanding of 308,962,779.
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This information is subject to the disclosure requirements set out in section 4-3 of the Norwegian Securities Trading Act.

Kilde

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Invitation to presentation of Q3 2020 results

DOF ASA will release the Q3 results 2020 on Thursday 12 November 2020.

The presentation will be held as a webcast available on www.dof.com/webcast at
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08:30 CET the same day.

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

Immediately following the webcast presentation there will be an opportunity to
ask the CEO and the CFO questions by conference call. A link to join the
conference call will be made available on the DOF webcast webpage shortly before
the start of the conference call.

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 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]

Financial Report 3[rd] quarter for DOF ASA

The Group’s revenue for 3[rd] quarter (management reporting) totals NOK 2 027
million (NOK 2 057 million) and the EBITDA totals NOK 879 million (NOK 803
million, adjusted for hedge accounting). The operating profit (EBIT) is NOK -46
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million (NOK -503 million), of which depreciation and impairment totals NOK 925
million (NOK 1 262 million). Net profit is NOK -406 million (NOK -2 130
million).

The COVID-19 virus has had a major impact on the operations in the 3[rd] quarter
and the markets have continued to be challenging, with pressure on earnings and
utilisation rates. Despite a challenging market situation, the Group has secured
new contracts with a total value of approx. NOK 3.7 billion during 3[rd] quarter
and so far in 4[th] quarter.

The restructuring of the Group’s debt is ongoing and standstill agreements
(excluding the JVs) have been agreed until the 31[st] of January 2021 with the
secured lenders and until the 15[th] of December 2020 with the bondholders. The
discussions with the Group’s creditors are ongoing and the Group has presented a
debt restructuring proposal to the secured lenders and bondholders. As part of
the debt restructuring of DOF Deepwater, the shares have been sold to Akastor
ASA.

The average utilisation of the Group’s fleet during the 3[rd] quarter was 67%;
81% for the subsea fleet, 48% for the AHTS fleet and 64% for the PSV fleet.

General market & operational comments in Q3:

·
· Good performance from subsea regions
· Contract awards in the AHTS and Subsea segments
· Weak North Sea spot market with several PSVs in lay-up
· 13 vessels in lay-up by end of the quarter
· The Group’s current backlog is NOK 17.4 million

Please see enclosed 3[rd] quarter Financial Report 2020.

Webcast is available Thursday, 12 November 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 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]

New contract for DOF

The DOF Group is pleased to announce that PSV Skandi Aukra has been awarded a
long term contract by Chrysaor. The charter will commence in December 2020, in
direct continuation of its current contract, for a duration of 2 years firm,
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plus 2 x 1 year options.

Skandi Aukra is a large modern PSV, which has been continuously supporting UKCS
Operators, including Chrysaor, for several years, and the DOF Group is delighted
to continue its partnership with a key UK client.

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 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]

Management changes at DOF Subsea

DOF Subsea AS is pleased to announce the appointment of Martin Lundberg as
Acting Chief Financial Officer (CFO) with responsibility for the corporate
finance functions in the DOF Subsea Group. The appointment is effective from
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January 1[st] 2021.

Martin joined DOF Subsea in 2010 and has for the past ten years been a key
resource in various positions within the corporate finance team in DOF Subsea.

Martin will be replacing our current CFO, Jan Nore, who will dedicate his full
capacity to the role as Head of Restructuring. Jan is heading the internal
project team established for the purpose of the ongoing restructuring process,
aiming at securing a long term financial solution for the DOF Subsea and DOF ASA
Groups. As Head of Restructuring, Jan reports to the appointed Steering
Committee, headed by the DOF Group Chairman, and will continue his engagement
until end May 2021.

“As CFO & Executive Vice President since 2009, Jan has contributed tremendously
in developing our financial organisation globally and significantly supported
DOF in becoming a world class integrated offshore company. He has built a strong
global team and I am grateful for his many contributions to our Subsea business.
We wish him continued success as Head of Restructuring and a prosperous next
chapter in this career once departing from DOF Subsea” says Mons S. Aase.

For further information, please contact:

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

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 - Disclosure of Shareholding

Perestroika Industri AS [entity tbc](“Perestroika Industri”) hereby gives notice that due to a sale of 6,680,521 shares in DOF ASA (“DOF”), Perestroika Industri’s shareholding in DOF has, as of 23 November 2020, fallen below the 10% threshold.
Perestroika Industri currently owns 27,931,330 shares in DOF, representing 9.04% of the total share capital, calculated based on a total number of shares outstanding of 308,962,779.

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This information is subject to the disclosure requirements set out in section 4-3 of the Norwegian Securities Trading Act.

Kilde

[Do2Do]

Rekordomsetning og +28%

Perestroika Industri/ FM på vei ut - hvem tar unna, på stigende kurs ?

Edit 24.11 kl. 9.40: Nye +30% på høye volum.

[TekBot]

DOF Subsea Australia Contracted by Beach Energy

Beach Energy has awarded DOF Subsea Australia the Otway Offshore Project Phase 4
contract which consists of subsea installation works in a tie-back program.

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The award includes Project Management, Engineering, Fabrication, Transportation
and Installation Services and is expected to be completed in Q3 2021. The
project will be executed using DOF Subsea’s regional Construction Support
Vessels (Skandi Hercules, Skandi Singapore) which are ideally suited to these
campaigns.

Mons Aase, CEO DOF Subsea AS, said, “We look forward to working with Beach
Energy to deliver safe and efficient project.”

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 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