Please find enclosed the DOF Subsea Annual Report for 2018. Mons S. Aase respectively compared to NOK 4 550 million and NOK 1 408 million in 2017. The overall fleet utilisation for 2018 was 73 per cent and at year-end the Group had a firm backlog of NOK 15.5 billion. The Group delivered several highlights in 2018 with IMR contract awards and extensions new charter contracts both long and medium-term and the delivery of new builds PLSV Skandi Recife and in Q1 2019 PLSV Skandi Olinda both vessels employed under 8-year contracts with Petrobras.” For further information please contact: Mons S. Aase CEO DOF Subsea – Tel: +47 91 66 10 12 Marianne Møgster SVP Finance DOF Subsea – Tel: 99 30 69 16 About DOF Subsea: The DOF Subsea Group is a specialist subsea service business that provides subsea construction subsea engineering inspection repair and maintenance and survey services which involve complex and challenging engineering in an international environment. DOF Subsea owns a large fleet of modern subsea construction intervention and survey vessels that enable it to offer differentiated positions with its clients and work in long term relationships which enhance service delivery and reduce the overall risk. The company’s core business is project management engineering vessel operations survey remote intervention and diving operations primarily for the Oil and Gas Marine Telecommunications and Renewables markets. www.dofsubsea.com
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