Prosafe SE: Operational update for second quarter 2013
(Thomson Reuters ONE) -
Rig utilisation in the second quarter of 2013 was 84 per cent. Safe Caledonia,
Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe
Regency were on contract throughout the quarter.
Safe Concordia is operating on a long-term contract in Brazil. In the second
quarter, the average effective day rate was approximately USD 144,000.
Safe Scandinavia commenced the contract with ConocoPhillips at Jasmine in UK on
6 April and has been in operation since then.
Regalia commenced operation for Shell at the Draugen field in Norway on 30 April
and was in operation throughout May and June. Due to the yard stay before
contract commencement, operating expenses in the second quarter were about USD
2 million higher than in normal operation. Shell has exercised the one-month
option, extending the contract at Draugen throughout October 2013. In addition,
Prosafe has granted Shell an additional 14-day extension option.
Safe Bristolia commenced the contract for Elf Exploration UK on 3 May. Due to
the yard stay and preparation for contract commencement in the North Sea,
operating expenses in the second quarter were about USD 4.5 million higher than
in normal operation.
Safe Astoria remained at the yard in Batam, Indonesia throughout the second
quarter.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 222.4 million in 2012 and
net profit was USD 177.5 million. The company operates globally, employs 570
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, 30 July 2013
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
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#1719696]
Unternehmensinformation / Kurzprofil:
Datum: 30.07.2013 - 09:37 Uhr
Sprache: Deutsch
News-ID 282801
Anzahl Zeichen: 2943
contact information:
Town:
Larnaca
Kategorie:
Business News
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