Major Work Under Aker Contract

DOF Subsea is the supplier of the 120 m Vessel of OSCV03 design (to be delivered in 2009), two work class ROV's, and the operation of the Vessel and the ROV's.

DOF Subsea's part of the contract value for the initial 5 years, is approximately U.S. $175 million. DOF Subsea owns 25% of Aker Oilfield Services.