DOF Group ASA Overview
Pro stress-test →DOF Group ASA owns and operates a fleet of offshore and subsea vessels, operating through Shipowning, DOF Subsea regions, Norskan Offshore, and DOFCON JV segments. With approximately 4,000 personnel, DOF is an international group with engineering capacity to service both the offshore and subsea market. The company serves major oil and gas operators and supports emerging offshore wind projects.
Strategic Profile
Pro stress-test →As of Q1 2026, DOF demonstrated firm backlog of USD 4.9 billion by end of March, expanding to USD 6.9 billion including contracts after balance date. The company's main operation centers are located in Norway, the UK, the USA, Singapore, Brazil, Argentina, Canada, Angola, and Australia. DOF is positioned as a diversified offshore services provider with strong project momentum and geographic diversification.
Competitive Landscape
Pro stress-test →DOF competes in the fragmented offshore services market against global players offering vessel ownership, subsea engineering, and marine services. Key competitors include Horizon Offshore, Subsea 7, Saipem, and regional operators. DOF differentiates through its integrated fleet (49 vessels across PSV, CSV, and AHTS classes) and 74 ROV/AUV systems. The market is characterized by cyclical demand tied to oil and gas capex and growing offshore wind investment.
Industry Context
DOF Group ASA operates in Offshore Services / Marine.
Key facts
Founded: 1981 · Headquarters: Ålesund, Norway · Employees: ~4,000 · Revenue: $502M (Q1 2026) · Market cap: N/A