Contract award Skandi Achiever and restructuring update

DOF Subsea is pleased to inform that the diving support vessel Skandi Achiever has been awarded a contract extension with Petrobras for ROV and diving services until 4th quarter 2022.

As disclosed in the 2nd quarter Financial Report, DOF Subsea has entered into a settlement agreement with a secured lender, subject to certain conditions. All conditions related to the settlement agreement has now been fulfilled. As a result of the above agreement, the share of the secured lenders in DOF Subsea Group (excl. DOF Subsea Brasil Ltda.) supporting the suspension agreements has increased from 88% to 95%.

For further information, please contact:
Mons S. Aase, CEO, DOF Subsea. Tel: +47 91 66 10 12
Martin Lundberg, CFO, DOF Subsea. Tel: +47 91 62 10 57

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