Petrobras Charters PSVs from DOF & Norskan

DOF ASA has entered into an agreement with Petrobras for a two-year charter for the newbuild Skandi Rio. The charter will commence upon delivery of the vessel in October 2006. The contract has a value of approximately US $24 million.

Norskan Offshore Ltda. and Petrobras have agreed to extend the contract for Norskan Leblon for two years from August 2006. The contract has a value of approximately US $11.5 million.

NorSkan Offshore Ltda of Brazil is owned 50/50 by Solstad Offshore ASA and DOF ASA.