DOF Subsea announced the extension of the four PIDF Contracts with Petrobras. These extensions will demand a fleet of at least 3 vessels operating for 18 months, to the end of 2023 and in direct continuation to the original schedule performing flexible pipelines, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field and Espírito Santos Basin. Inspections will be evaluated and processed by the DOF Subsea Engineering team in Brazil that is responsible for delivering technical reports regarding the conditions of the subsea facilities in Brazil.

Adding more than USD 100 million in backlog, these contract extensions are confirmation of DOF Subsea's safe and excellent delivery of the project, reinforcing company's relationship with Petrobras and company's capacity to deliver on time and within budget.