DOF is pleased to announce that Petrobras has awarded new long-term charter and service contracts to Norskan Offshore Ltda. and DOF Subsea Servicos Brasil Ltda, after a competitive tender process.

The vessel Skandi Amazonas (324 t BP) that was on the spot market is chartered for 3 years firm with 2 years mutually agreed option via Petrobras tender issued late in 2023, to operate as a AHTS 270t BP. Vessel is now in process to be adapted to Petrobras contract with expectations to be delivered by mid-May / mid-June 2024.

Skandi Rio (206 t BP), currently operating for Petrobras and equipped with DOF Subsea’s work class ROV, have been contracted for more 4 years firm + 1 year option with Petrobras, as a AHTS 180t BP + ROV, via the same tender as Skandi Amazonas. Contract commencement is planned within 3Q2024 in sequence to the current contract.

Both contracts will generate revenue beyond USD 192 M.

Mons S. Aase, CEO DOF Group ASA, said: “Building backlog into 2028 at today’s strong market rates is positive and we look forward to continue delivering Petrobras quality services.”

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.