Safe Boreas awarded first contract by Lundin
(Thomson Reuters ONE) -
Prosafe has signed a contract with Lundin Norway AS ('Lundin') for the use of
its new build accommodation rig Safe Boreas to provide accommodation support at
the Edvard Grieg Project in the Norwegian sector of the North Sea. On site
operations are planned to commence Q2 2015, with a firm period of 6 months. In
addition, Prosafe has granted Lundin one 5 month option exercisable up to or
within Q3 2014, or one 2 month option exercisable up to or within Q3 2015.
Total value of the firm period will be approximately USD 63.4 million.
The award is the first contract for the Safe Boreas which will be the most
advanced and efficient harsh environment accommodation rig in the world, with
facilities for 450 persons in single man cabins, a DP3 (dynamic positioning)
system as well as a 12 point mooring arrangement.
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, 05 July 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
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#1624392]
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2012 - 08:33 Uhr
Sprache: Deutsch
News-ID 162518
Anzahl Zeichen: 2412
contact information:
Town:
Larnaca
Kategorie:
Business News
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"Safe Boreas awarded first contract by Lundin"
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