DOF Group ASA (“DOF”) is pleased to announce two new long-term contract extensions with Petrobras in Brazil.

Following successful negotiation with Petrobras, the PLSVs Skandi Buzios and Skandi Recife have secured extensions to their current long-term contracts, ensuring continued operations.

Both vessels are owned by a joint venture between DOF (50%) and TechnipFMC (50%).

Under the contract amendments, Skandi Buzios has been awarded a 516-day extension and Skandi Recife has secured a 550-day extension.

The long-term contracts, previously scheduled to terminate in the third quarter of 2026, have now been extended through January 2028.

The contract extensions reinforce DOF's strong position in the Brazilian offshore market.

About DOF Group

With a multinational workforce of more than 5,000 personnel, DOF Group 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 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, 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 centres and business units are located in Norway, Denmark, the UK, the USA, the Philippines, Singapore, Brazil, Argentina, Canada, Angola, and Australia.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI®, iFEED™ and iComplete®), technology leadership and digital innovation.

Each of our approximately 22,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.