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    DOF   NO0010070063

DOF ASA

(DOF)
  Report
Real-time Oslo Bors  -  03:32 2022-08-09 am EDT
1.090 NOK   -2.50%
06/22DOF ASA AND DOF SUBSEA AS : Restructuring agreement
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06/21DOF Subsea Extends Contracts With Brazil's Petrobas; Shares Up 10%
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06/21DOF Subsea contract extension with Petrobras
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DOF Subsea contract extension with Petrobras

06/21/2022 | 09:01am EDT

DOF Subsea is proud to announce 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 our relationship with Petrobras and our capacity to deliver on time and within budget.

Mons S Aase, CEO, DOF Subsea said, "I am very pleased for these awards securing utilisation for our personnel and our assets and adding important back log to the Group. It further strengthens our leading position in Brazil within IMR and confirms our long relationship with Petrobras."

DOF Subsea is dedicated to deliver safe and efficient subsea solutions.

For further information, please contact:

CEO Mons Aase, tel. +47 91 66 10 12

CFO Hilde Drønen, tel. +47 91 66 10 09

 

With a multi-national workforce of about 3,800 personnel, DOF 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 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, survey, remote 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 centers and business units are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia.


DOF ASA is listed on the Oslo Exchange since 1997.

 

http://publish.ne.cision.com//Release/ViewReleaseHtml/EA59C2B9AF7856E6E0C856B0705FC7D6

https://mb.cision.com/Main/1611/3589415/1595611.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
DOF ASA -2.50% 1.09 Real-time Quote.87.90%
PETROBRAS 5.05% 36.63 Delayed Quote.22.57%
All news about DOF ASA
06/22DOF ASA AND DOF SUBSEA AS : Restructuring agreement
AQ
06/21DOF Subsea Extends Contracts With Brazil's Petrobas; Shares Up 10%
MT
06/21DOF Subsea contract extension with Petrobras
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06/21DOF Subsea Announces Contract Extension with Petrobras
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06/15DOF ASA AND DOF SUBSEA AS : Further extension of standstill agreements with secured lender..
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06/15DOF ASA and DOF Subsea AS Announce Further Extension of Standstill Agreements with Secu..
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06/01DOF Extends Debt Deadline As Talks Continue With Lenders
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06/01Offshore Vessels Operator DOF, Unit Extend Deals With Secured Lenders, Bondholders
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05/31DOF ASA AND DOF SUBSEA AS : Further extension of standstill agreements with secured lender..
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05/31DOF ASA and DOF Subsea AS Announce Further Extension of Standstill Agreements with Secu..
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Financials
Sales 2022 5 800 M 597 M 597 M
Net income 2022 -125 M -12,9 M -12,9 M
Net Debt 2022 16 836 M 1 734 M 1 734 M
P/E ratio 2022 -2,63x
Yield 2022 -
Capitalization 354 M 36,4 M 36,4 M
EV / Sales 2022 2,96x
EV / Sales 2023
Nbr of Employees 3 835
Free-Float 53,5%
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Number of Analysts 0
Last Close Price 1,12
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Managers and Directors
Mons Svendal Aase Chief Executive Officer
Hilde Dr°nen Chief Financial Officer
Hans Olav Lindal Chairman
Sigbj°rn Stangeland Chief Operating Officer-Marine
Helge Singelstad Deputy Chairman
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