DOF Group ASA Receives Letter of Intent for Large Contract
DOF Group ASA has received a letter of intent for a large contract, valued between USD 50 and 100 million. The agreement secures the utilization of an I-class vessel in the first half of 2028.
Norwegian offshore services provider DOF Group ASA announced it has received a letter of intent for a substantial contract, estimated to be worth between USD 50 million and USD 100 million. The scope of work includes project management, engineering, procurement, and logistics support.
The agreement is set to secure the utilization of one of DOF's I-class vessels during the first half of 2028. Specific details regarding the project scope and the vessel's exact role are expected to be further defined.
DOF Group anticipates the full contract award to be confirmed by mid-November 2026. The company defines a contract within this value range as 'large'.
DOF Group ASA operates a fleet of specialized vessels and provides subsea services to the oil and gas industry globally, focusing on offshore construction and support operations.