Prosafe SE: Prosafe awarded contracts by Statoil
(Thomson Reuters ONE) -
Prosafe has been awarded two separate contracts by Statoil Petroleum AS
('Statoil') using the Safe Scandinavia and Regalia.
The Safe Scandinavia will be used for accommodation support at Snorre A in the
Norwegian sector of the North Sea for a nine-month firm period. On site
operations are planned to commence within March 2014. In addition, Prosafe has
granted Statoil an additional three-month option. Statoil has the ability to
extend the firm period to 16 months on or before end June 2012.
Total value of the nine-month firm period for the Safe Scandinavia is around USD
76.6 million. If the firm period is extended to 16 months, the total value will
be around USD 132.8 million.
The Regalia will be used for accommodation support at Svalin/Grane in the
Norwegian sector of the North Sea for a five-month firm period. On site
operations are planned to commence within February 2014. In addition, Prosafe
has granted Statoil four additional one-month options and if exercised, the
Regalia will relocate to the Brage platform in the Norwegian sector of the North
Sea. Statoil has the ability to extend the firm period to nine months on or
before end June 2012.
Total value of the five-month firm period for the Regalia is around USD 47.3
million. If the firm period is extended to nine months, the total value will be
around USD 74.7 million.
These awards from Statoil demonstrate the Safe Scandinavia's and Regalia's long-
term value in the Norwegian sector. With the potential of continuous operations
into Q3 2015 and the introduction of the new build Safe Boreas into the fleet
within 2014, Prosafe is well placed to serve clients' accommodation
requirements.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 192.3 million in 2011.
The company operates globally, employs 550 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, 10 April 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 Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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#1601047]
Unternehmensinformation / Kurzprofil:
Datum: 10.04.2012 - 08:51 Uhr
Sprache: Deutsch
News-ID 133157
Anzahl Zeichen: 3436
contact information:
Town:
Larnaca
Kategorie:
Business News
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