DOF Group ASA ("DOF") is pleased to announce a Substantial contract award for subsea mooring installation services in the APAC Region...
DOF Group ASA ("DOF") is pleased to announce a Substantial contract award for subsea mooring installation services in the APAC Region. The contract will utilise Skandi Hercules with related moorings and installation subsea services. The scope of work includes DOF's in-house project management and engineering, procurement and logistics support services.
Offshore execution in West Australian waters is scheduled in Q3 2025 with the vessel engaged on the project for approximately 2 months.
Mons Aase, CEO DOF Group ASA, said: "The award secures substantial backlog for the APAC region in the second half of 2025, and we look forward to delivering a safe and successful project."
DOF defines a Substantial contract as a contract with value between USD 25 million and 50 million.
For further information, please contact:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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Austevoll, Norway, 12 June 2023: Further to the announced Intention to Float published on 1 June 2023, DOF Group ASA (the "Company", or “DOF”, and together with its subsidiaries, the “Group”) has resolved to launch an initial public offering of shares in the Company (the "Offering" or the "IPO") and today announces the terms of the Offering and the subsequent listing of its ordinary shares on the Oslo Stock Exchange, or alternatively Euronext Expand (the "Listing"), and together with the Offering, the "IPO").
Subject to approval of the listing application and successful completion of the Offering, the ordinary shares of DOF (the "Shares") are expected to be admitted to listing and commence trading on Oslo Børs, alternatively Euronext Expand, on or about 22 June 2023 under the ticker "DOFG".
For more details, see attachment.
Download link: DOF Group ASA - Announcement of Terms of the Initial Public Offering.pdf
See attachment.
Downloads: DOF Group ASA Prospectus June 2023 12-jun-2023.pdf
On Friday morning, June 2, a fire occurred onboard Skandi Buzios while the vessel was alongside Porto do Açu in Brazil. All personnel are safe and no serious injuries were sustained. The fire has been brought under control after efforts by the crew and local authorities. TechDOF is cooperating in the investigation of the fire and its cause. Skandi Buzios is owned and operated by TechDOF, a joint venture between TechnipFMC and DOF Subsea.
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Na manhã de sexta-feira, 02 de junho, ocorreu um incêndio a bordo do Skandi Búzios enquanto a embarcação estava atracada no Porto do Açu, no norte do estado do Rio de Janeiro. Toda a tripulação está em segurança e nenhum ferimento grave foi registrado. O incêndio foi controlado após esforços de nossa tripulação, do Porto do Açu e das autoridades locais. A TechDOF está cooperando com a investigação do incêndio e sua causa. Skandi Búzios pertence e é operada pela TechDOF, uma joint venture entre a TechnipFMC e a DOF Subsea.
See attachment.
Downloads: ITF DOF intends to apply for a listing on Oslo Børs 01-jun-2023.PDF
Please see enclosed the 1st quarter 2023 Financial Report.
For further information, please contact:
Martin Lundberg, SVP Finance and Investor Relations
Tel, +47 916 21 057
Read more (in norwegian language) on Blåvinge's website: HERE
Please find attached the New DOF ASA Integrated Annual Report 2022 including sustainability reporting and complete annual accounts with notes.
>>> DOF Integrated Annual Report 2022 (PDF, ca. 10 mbs)
Sustainability
DOF has reported in the areas of sustainability to the GRI standards measuring economic, environment, and social aspects since 2014. This, along with our participation in Carbon Disclosure Project over the last twelve years, has driven engagement with stakeholder groups and improved management and performance in these areas.
Transparency
Our vision and strategic ambitions to create broad stakeholder value are set out in this integrated report. We use the World Economic Forum’s four pillars of sustainable development – People, Planet, Prosperity, and Principles to frame our environmental, social and governance (ESG) performance. Within the framework we bring together the measures of stakeholder value, align the non-financial reporting with financial reporting, to communicate sustainability initiatives, targets and measures for the next strategic period.
Environmental, Social, and Corporate Governance
The ESG (Environmental, Social, and Corporate Governance) factbook in the final section of this report contains extensive detail on our company wide performance in 2022 and includes future ambitions.
Contacts for questions or feedback
Not only are we committed to continuous improvement, we welcome and appreciate your feedback. If you have any questions about the content of the report or if you would like to provide feedback, please contact the DOF's Executive Senior Advisor Stig Clementsen by telephone +47 48 28 73 25 or e-mail stig.clementsen@dof.com.
DOF has been recognised in the Financial Times (FT) 2023 report as one of Europe's Climate Leaders. The report, which can be viewed here, was undertaken in co-operation with independent data company Statista and reviewed tens of thousands of companies, scrutinising existing GHG emissions in order to identify 'outstanding European companies that are successfully reducing their core GHG emissions relative to the their revenue'. Read more about the methodology used by FT on their website.
The DOF group is pleased to announce a new 3-years firm contract for the AHTS Skandi Vega with the current charterer Equinor Energy AS. The award, which also include 2 x 1 year options, will commence in direct continuation of the current contract. Skandi Vega is one of the largest AHTS vessels in the world and have been operating for Equinor since delivery in 2010. DOF is delighted to continue the long-term partnership with Equinor and the new contract is a proof of the value the vessel and its crew brings to this partnership.
Mons S. Aase, DOF Group CEO say: DOF is very pleased to further strengthen the relation with Equinor and secure firm and financially sustainable backlog.
For further information, please contact:
CEO Mons Aase, tel. +47 91 66 10 12
CFO Hilde Drønen, tel. +47 91 66 10 09