DOF Group Secures Major Four-Year Deepwater Services Deal Worth $150M With Petrobras

New_Ser_Ngmi · 2025-12-31T15:16:55+00:00

DOF Group ASA has secured a new four-year contract with Petrobras valued at $150 million, enhancing its role in South America's oil and gas sector. The agreement highlights DOF's advanced underwater technology and solidifies its longstanding presence in Brazil.

New_Ser_Ngmi

2025-12-31 15:16:55

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DOF Group ASA has strengthened its position in South America’s oil and gas sector with a significant new four-year contract award from Brazil’s state-owned energy giant Petrobras. The agreement, centered on operations using the RSV Skandi Commander vessel, carries an estimated value of approximately $150 million and marks another competitive victory for the Norwegian offshore services provider.

The contract is scheduled to commence operations in January 2027, following DOF’s successful track record in previous tender competitions. This latest win demonstrates the company’s competitive strength—DOF had previously secured six additional four-year RSV contracts through the same rigorous selection process, signaling consistent trust from major industry players.

Advanced Capabilities Drive Contract Award

The Skandi Commander assignment encompasses cutting-edge underwater operations capability. Beyond standard Remotely Operated Vehicle (ROV) services, the contract scope includes deployment of an Autonomous Underwater Vehicle (AUV), positioning DOF at the forefront of deepwater technology utilization. This technical sophistication reflects evolving industry demands for more autonomous and efficient subsea solutions.

Strengthening Brazil’s Strategic Presence

For DOF, this contract reinforces a long-standing operational foundation in Brazil. The company is currently marking 25 years of continuous operations in the country, having built a substantial fleet with firm commitments extending well beyond 2030. The new Petrobras agreement adds to a robust backlog, securing revenue streams and validating DOF’s strategic investments in the Brazilian offshore market.

The market has responded positively to the company’s growth trajectory. On the Oslo Stock Exchange, DOF Group shares closed with a modest 0.05% gain, trading at NOK 94.30, reflecting investor confidence in the company’s contract momentum and operational capabilities.

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