DOF Group Awarded Subsea Cable Replacement Contract by Statnett

DOF Group has secured a substantial contract from Norway's transmission system operator, Statnett, for the replacement of high-voltage subsea power cables in Ofotfjorden. The contract, valued between $25 million and $50 million, involves the partial removal of ageing cables and the installation of four new 170 kV submarine cables bundled with fiber optic lines. The project will take place between Lødingen and Barøya, with cable laying occurring at depths ranging from 10 to 450 meters. Preparatory work will commence immediately and continue throughout 2026, with main execution scheduled for May to September 2027, lasting approximately 40 days. DOF's CEO expressed pride in being entrusted with this critical infrastructure project, emphasizing the company's strengths in engineering and subsea execution. The project aims to enhance Norway's electricity network reliability.

Key Points: • DOF Group awarded a $25-$50 million contract for subsea cable replacement. • Project involves installation of four new 170 kV submarine cables with fiber optics. • Main execution of the project is scheduled for May to September 2027.