DOF Group ASA (DOF) is pleased to announce the award of three Petrobras service contracts (PIDF) in Brazil.

The contracts awarded are for execution of subsea inspections as part of Petrobras’ subsea inspection program, supporting the assessment of the integrity of Petrobras’ subsea facilities.

This award is the result of a competitive tender process and marks the third consecutive contract of this type secured by DOF in Brazil.Over the course of previous contracts, DOF has successfully and safely completed more than 7,000 inspections, reinforcing its leading position as a trusted partner for Petrobras in subsea operations.

The three new contracts have a combined value of approximately USD 390 million and encompass more than 4,000 planned inspections. To deliver on these requirements, DOF expects to deploy at least three vessels equipped with work-class ROVs, and one of the vessels specially outfitted and crewed to perform shallow air diving inspections.

Operations under these contracts, which will be managed in combination, will cover Brazil’s three main offshore basins (Santos, Campos and Espirito Santo) and are expected to commence in the first half of 2026 for a duration of three years.

Mons S. Aase, CEO DOF Group ASA, said: “We a thrilled to continue to deliver on our commitment to excellence and innovation in subsea inspection services for Petrobras. The inspection-based nature of the contracts as opposed to a day rate structure offers valued flexibility to our growing fleet 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.