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    DOF   NO0010070063

DOF ASA

(DOF)
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Real-time Oslo Bors  -  10:25 2022-06-24 am EDT
1.012 NOK   -1.75%
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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The DOF group awarded multiple contracts with Petrobras

05/16/2022 | 09:01am EDT

DOF is pleased to announce that Petrobras has awarded new long-term charter and service contracts to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda. for 4 x AHTS vessels and ROVs.

The vessels, Skandi Angra, Skandi Paraty, Skandi Urca and Skandi Fluminense, (AHTS 18000 class), currently operating for Petrobras and equipped with DOF Subsea's work class ROVs, have been contracted for 3 years firm + 2 years options with Petrobras.

The gross value of the contracts is approx. USD 260 million and with planned commencement in Q4 2022. 

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 backlog to the Group. It further strengthens our leading position in Brazil and confirms our long relationship with Petrobras."

DOF Group is dedicated to deliver safe and efficient subsea solutions

For further information, please contact: 

Mons S. Aase, CEO, DOF ASA. Tel: +47 91 66 10 12

Hilde Drønen, CFO, DOF ASA. 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.

 

https://news.cision.com/dof-asa/r/the-dof-group-awarded-multiple-contracts-with-petrobras,c3567875

https://mb.cision.com/Main/1611/3567875/1580313.pdf

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

Stocks mentioned in the article
ChangeLast1st jan.
DOF ASA -1.75% 1.012 Real-time Quote.70.08%
PETROBRAS -0.76% 26.29 Delayed Quote.-7.59%
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
AQ
06/21DOF Subsea Announces Contract Extension with Petrobras
CI
06/15DOF ASA AND DOF SUBSEA AS : Further extension of standstill agreements with secured lender..
AQ
06/15DOF ASA and DOF Subsea AS Announce Further Extension of Standstill Agreements with Secu..
CI
06/01DOF Extends Debt Deadline As Talks Continue With Lenders
MT
06/01Offshore Vessels Operator DOF, Unit Extend Deals With Secured Lenders, Bondholders
MT
05/31DOF ASA AND DOF SUBSEA AS : Further extension of standstill agreements with secured lender..
AQ
05/31DOF ASA and DOF Subsea AS Announce Further Extension of Standstill Agreements with Secu..
CI
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Financials
Sales 2022 5 800 M 588 M 588 M
Net income 2022 -125 M -12,6 M -12,6 M
Net Debt 2022 16 836 M 1 706 M 1 706 M
P/E ratio 2022 -2,38x
Yield 2022 -
Capitalization 320 M 32,5 M 32,5 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 1,01
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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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