Three subsea service contracts have been secured from Australian-based operators. The contracts will utilise Skandi Hercules, adding approximately 6 months of utilisation in 2024 and into Q1 2025. The contracted scope includes the team's inhouse capability to deliver project management and engineering, logistics support and execution of various remediation activities, pre-commissioning and commissioning support, and field decommissioning operations.

Mons Aase, DOF Group ASA CEO, said, "These awards secure substantial backlog for the APAC region with an estimated combined value of over USD 36 million."

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