We are pleased to announce Petrobras has awarded DOF two long-term contracts: a Major Contract for the Pipelay Support Vessel (PLSV) Skandi Niterói, and a Very Large Contract for the Anchor Handling Support vessel (AHTS) Skandi Botafogo.

The Brazilian built and flagged PLSV Skandi Niterói is awarded a 3-year firm plus option contract commencing in 2025. The vessel is owned by DOFCON Navegação Ltda., a joint venture between DOF Subsea (50%) and TechnipFMC (50%).

The Brazilian built and flagged AHTS Skandi Botafogo (181t BP), that is currently contracted by Petrobras until 1Q 2025, is awarded a 4-year firm plus 1-year option contract commencing in 2025 in sequence to the current contract. Prior to commencement, the vessel will have a Work Class ROV rated 3,000m installed on board delivering an AHTS 180t BP + ROV for the same tender as Skandi Amazonas and Skandi Rio.

Mons S. Aase, CEO DOF Group ASA, said, “We are thrilled to announce both another award for our PLSV fleet in Brazil and the AHTS contract, which builds backlog into the 2nd quarter of 2029. These long-term awards demonstrate our unique position in Brazil.”

DOF Group defines a Major Contract as a contract with value between USD 200 million to USD 300 million and defines a Very Large Contract between USD 100 million to USD 200 million.

About DOF Group

DOF Group is a specialist subsea service business that provides subsea construction, subsea engineering, inspection, repair and maintenance and survey services, which involve complex and challenging engineering in an international environment.

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.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.