Total Egypt Hires Two DOF Vessels

DOF has today entered into two time charter contracts with Total Egypt (Total) for employment of the vessels “SKANDI STORD and “SKANDI SAIGON” in the Egyptian economic zone, starting end September, 2013, each with a firm period of approximately. 100 days. Total has an option to extend the contracts for each ship with approximately 40 days.

The aggregate contract value for the firm period is around NOK 43 million.

“Skandi Stord” and “Skandi Saigon” are anchor handling (AHTS) vessels.

“Skandi Stord” is owned by DOF Rederi AS, a wholly owned subsidiary of DOF. “Skandi Saigon” is owned by Aker DOF Deepwater AS, which is owned
with 50 per cent by each of DOF and Aker Solutions ASA.

[mappress]
Press Release, September 27, 2013