Operational update for Q4 2011

Operational update for Q4 2011

ID: 103483

(Thomson Reuters ONE) -


Rig utilisation in the fourth quarter of 2011 was 79.8 per cent.

Safe Caledonia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe
Regency, Safe Bristolia have been fully utilised in the fourth quarter.

Safe Concordia was five days off hire in the quarter due to smaller
modifications of the DP system.

Safe Scandinavia commenced operations at the Valhall field in October. Prior to
contract start, the rig had a brief yard stay to adjust the gangway pedestal to
fit with the landing height on Valhall. Together with normal mobilization
procedures, this implied that the rig was out of operation for 21 days in the
quarter.

Regalia commenced the contract with Talisman at the Yme field in Norway on 1
November, after completing the contract at the Valhall field in the middle of
October. In total, Regalia was off hire for 11 days in the fourth quarter.

Safe Astoria and Safe Esbjerg were idle in the fourth quarter.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 221.1 million in 2010.
The company operates globally, employs 500 people and is headquartered in
Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code
PRS. For more information, please refer to www.prosafe.com.

Larnaca, 12 January 2012
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30

Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20/ +47 99 10 94 67






This announcement is distributed by Thomson Reuters on behalf of




Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Prosafe SE via Thomson Reuters ONE

[HUG#1577030]


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Bereitgestellt von Benutzer: hugin
Datum: 12.01.2012 - 10:11 Uhr
Sprache: Deutsch
News-ID 103483
Anzahl Zeichen: 2524

contact information:
Town:

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