Prosafe SE: Safe Caledonia awarded contract at ETAP
(Thomson Reuters ONE) -
Prosafe has signed a contract with BP Exploration Operating Company Limited
('BP') for the Safe Caledonia to provide accommodation support at the Eastern
Trough Area Project (ETAP) in the UK sector of the North Sea.
ETAP is located 240km east of Aberdeen in the Central North Sea. It is an
integrated development of nine oil and gas reservoirs. ETAP is developed using a
central processing facility (CPF) operated by BP, comprising a processing,
drilling and riser (PdR) platform, bridge-linked to a quarters and utilities
(QU) platform over Marnock, and a normally unmanned installation (NUI) on Mungo.
The remaining seven fields all produce through subsea manifolds tied back to the
CPF.
On site operations are planned to commence between mid-April and mid-July 2015,
with a firm period of 13 months. In addition, Prosafe has granted BP three
additional one-month options and one fourteen-day option.
Total value of the firm period is approximately USD 98.2 million.
Trevor Garlick, Region President, for BP's North Sea business said, "This is a
significant investment in the provision of a facility that will enable us to
extend the life of this valuable North Sea asset. The additional accommodation
space will allow BP and its partners to increase activity aimed at enhancing
production efficiency, improving plant reliability and maximising the recovery
of oil and gas from our reservoirs."
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, 21 November 2013
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 / +47 909 43 673
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
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#1744899]
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2013 - 12:36 Uhr
Sprache: Deutsch
News-ID 319206
Anzahl Zeichen: 3220
contact information:
Town:
Larnaca
Kategorie:
Business News
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