DOF Group ASA (DOF) is pleased to announce four long-term charter and service contract awards with Petrobras in Brazil following a competitive tender process.

Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil with a 350mt+ bollard pull (“BP”) and large winch storage capacity has been contracted for 4 years with expected commencement in February 2026 in sequence with its current contract.

Furthermore, Skandi Angra (280mt BP), Skandi Paraty (288mt BP) and Skandi Urca (260mt BP) have all been contracted for 4 years with expected commencement in January 2026 in sequence with their current contracts. The scope for these three contracts includes work class ROVs rated to operate at water depths of up to 3,000 meters.

The combined value of the contracts is approximately USD 480 million.

Mons S. Aase, CEO DOF Group ASA, said: “We are happy to announce these contract awards which build backlog into 2030 at solid terms. The contract awards demonstrate our operational pedigree and reinforce our position as a leading player within the high-end AHTS vessel segment in Brazil.”

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 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.