Five of DOF's Brazilian-flagged AHTS vessels, all with ROVs on board: Skandi Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca and Skandi Iguaçu, have had their current contracts with Petrobras extended until Q1 2027.

The new 4-year contracts for the five vessels that were signed and announced in May-June 2025 with original planned commencement in Q1 2026 have had commencement postponed until Q1 2027 with all other terms and conditions unchanged, meaning that the new contracts will run until Q1 2031.

Petrobras and DOF have in addition agreed to extend the two current RSV contracts for the vessels Skandi Chieftain and Skandi Olympia with new duration until the end of 2026. Commencement of the new 4-year contracts for Skandi Chieftain and Skandi Olympia signed and announced in October 2025 will thus be postponed until the start of 2027.

The seven contract extensions add more than USD 160 million to DOF’s backlog.

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.