New contracts for the DOF group (15-08-2012)

DOF Subsea AS has entered into a contract with Helix Well Ops for the vessel Skandi Constructor. The contract is 3 year firm with 3x1 year options. The contract will commence in 2 q 2013.

Skandi Constructor is owned by DOF Subsea and is a well intervention vessel of Ulstein SX 121 design built in 2009. The vessel has a LOA of 120.2 m and a breadth of 25.0 m and is equipped with a 150 T crane and a multi-purpose tower with 140 t lift capacity.

Norskan / DOF Subsea Brazil have agreed with Petrobras a 2 year extension for Skandi Chieftain from 3 q 2012. Skandi Chieftain is a RSV with ROVs and various deck mounted subsea equipment. Skandi Chieftain has been working for Petrobras since 2009.

Total contract values for the firm periods are approx. NOK 825 million.

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