DOF has been awarded two AHTS contracts to support drilling operations in New
Zealand. Skandi Emerald and Skandi Atlantic, built in 2011 and 2012
respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x 1 well
options, to support drilling rig COSL Prospector. Both vessels are currently
supporting the same rig with another Operator in New Zealand, and commencement
with OMV will be on completion of this campaign during Q4 2019.
Mons S. Aase, CEO DOF ASA comments "I'm very happy with this new award in New
Zealand, securing good backlog for these units into 2020".
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 over 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
New contracts
August 20, 2019
Financial calendar for DOF ASA
FINANCIAL YEAR 2019
28.11.2019 - Quarterly Report - Q3
21.02.2020 - Quarterly Report - Q4
Updated financial calendar for 2019.
This information is published pursuant to the requirements set out in the
Continuing obligations.
Historical OSE Notices
Financial calendar
August 27, 2019
Finansiell kalender for DOF ASA
REGNSKAPSÅR 2019
28.11.2019 - Kvartalsrapport - Q3
21.02.2020 - Kvartalsrapport - Q4
Oppdatert finanskalender for 2019.
Denne informasjonen offentliggjøres i henhold til kravene i Løpende
forpliktelser.
Historical OSE Notices
Finansiell kalender
August 27, 2019
Norskan and Petrobras have signed a 1 year extension until September 2020 for
the AHTS Skandi Fluminense. The vessel, built in 2007, is an AHTS 18.000 with 1
WROV operated by DOF Subsea on board.
For further information, please contact:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 over 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
Extension Skandi Fluminense
September 2, 2019
Frederik Wilhelm Mohn has announced that he by his own initiative has resigned
from the Boards of Directors in DOF ASA and DOF Subsea AS with immediate effect.
The companies are working on finding replacements.
Contact person: Chairman Helge Møgster, tel. +47 91661007
With a multi-national workforce of about 3,500 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 over 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Board changes
September 9, 2019
As previously reported in DOF ASA's ("DOF" or the "Company") financial report
for Q2 2019, the group experience that regular refinancing has been challenging.
DOF and its 65% subsidiary DOF Subsea AS ("DOF Subsea") are on this basis in the
process of finding a long-term refinancing solution, with a structure that is
aligned with the current market environment. A long-term solution will involve
all stakeholders, including shareholders, banks, and bondholders.
The DOF Group has an order backlog of NOK 20 billion per 30.06 2019.
DOF Subsea is currently making progress in its discussion with its stakeholders,
including a constructive dialogue with key banks to adapt the bank facilities to
the current market environment.
DOF Subsea has today summoned a bondholder meeting in order to postpone an
instalment in DOFSUB07 due 22 October 2019, as further described in the summons.
Based on the current dialogue with stakeholders the best estimate is that it
will be possible to reach an agreement on the long-term solution during the 4th
quarter 2019, but no assurance can be given at this stage.
DOF has for the PSV and AHTS business a constructive dialogue with its key banks
to adjust the amortization profile and covenant structure of its bank financing
to reflect the current market environment.
It is likely that a long-term solution will require an equity injection in DOF
and that a substantial portion of the new equity will be used to support the
refinancing of DOF Subsea. Laco AS, indirectly the largest shareholder in DOF,
is in this respect committed to support the group with NOK 200 million in new
equity, conditional upon a satisfactory refinancing solution for the Group,
including a maturity profile providing satisfactory runway until the expected
timing of the market recovery. The Board of Directors of DOF will work towards a
solution for the equity injection, which takes the interests of all shareholders
into account and which to the extent permitted within applicable statutory
limitations treat all shareholders equally.
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 3,500 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 over 35 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.
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
Historical OSE Notices
DOF ASA: REFINANCING UPDATE
October 8, 2019
Please find attached the Notice of Extraordinary General Meeting of DOF ASA.
The Extraordinary General Meeting will be held on Wednesday 30 October 2019 at
10.00 hours, in the company's facilities at Storebø in the municipality of
Austevoll.
A printed version of the notice will be sent by post to all shareholders.
Contact persons:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 over 35 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.
Historical OSE Notices
Notice of Extraordinary General Meeting DOF ASA
October 9, 2019
Reference is made to Refinancing Update dated 8 October 2019.
DOF Subsea has today been notified that Nordic Trustee, on behalf of a group of
bondholders in the DOFSUB07 bond loan, will send out a summons for another
Bondholders meeting to be held on 30 October 2019, which is enclosed.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 48 09 46 99
With a multi-national workforce of about 3,500 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 over 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
DOF ASA: REFINANCING UPDATE
October 16, 2019
Equinor Energy AS has exercised a 6 months option connected to the Framework
Agreement awarded in 2018. The vessel will be utilized firm from mid November
2019 until mid May 2020.
The CEO, Mons Aase comments "Skandi Vega has served Equinor since 2009 and we
are satisfied that the vessel is secured firm work through the coming winter
season"
Contact persons:
CEO Mons S. Aase, +47 91 66 10 12
CFO Hilde Drønen, +47 91 66 10 09
With a multi-national workforce of about 3,500 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 over 35 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, Egypt, Angola, and Australia.
DOF ASA is listed on the Oslo Exchange since 1997.
Historical OSE Notices
Contract awards
Skandi Vega - extention of contract with Equinor Energy AS
October 18, 2019