DOF Nets New Contracts in Brazil

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Petrobras has extended the RSV contract for the vessel Geoholm with 18 months until December 2016, DOF ASA informed.

The extension is a direct continuation of the current contract and the vessel has been operating for Petrobras since January 2014. Geoholm is owned by the subsidiary DOF Subsea AS.

Statoil and Norskan Offshore Ltda. have signed a 2 years contract + 2*1 year options for the vessel Skandi Peregrino.

The new contract will start after end of current contract on 23 December 2015, hence the vessel is firm until December 2017. Skandi Peregrino has operated for Statoil in Brazil since 2010.

The vessel is owned by DOF Deepwater, a 50/50 joint venture owned by DOF ASA and Akastor ASA.

The total contract values for the firm periods are approx. NOK 575 million (USD 70 million).

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