Onshore works are underway for several offshore campaigns that will utilise the CSV Skandi Hercules and the onshore and offshore teams from Q3 2021 into Q1 2022.  The first campaign will support maintenance activities at an offshore facility in the Timor Sea for a short duration.  Following this, the vessel and team will be deployed on several construction and pre-commissioning support campaigns off the Northern Australian coast.

Onshore works are also underway for several offshore campaigns that will utilise the DSV Skandi Singapore in saturation diving mode in the region during 2022.

A further key contract award will utilise high specification vessel and related subsea services to undertake a significant pre-commissioning and commissioning support campaign off the Northern Australian coast.  This campaign is expected to commence in Q1 2022 with onshore preparation activities underway.

Collectively, these contract awards secure in excess of 8 months vessel utilisation and include the provision of project management, engineering and all associated fabrication (subcontracted), subsea and marine services.

Mons S. Aase, CEO, DOF Subsea said, "I am very pleased to announce these contract awards in the APAC region that build on our reputation as a trusted provider for integrated subsea operations across multiple disciplines.  We look forward to working with our clients to deliver safe and efficient projects."

For further information, please contact:

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

Hilde Drønen, CFO, Tel: +47 91 66 10 09