Prosafe SE: Prosafe firms up orders for semi-submersible accommodation vessels at COSCO
(Thomson Reuters ONE) -
Reference is made to the announcement on 7 November 2013 regarding the Letter of
Intent entered into with COSCO (Qidong) Offshore Co., Ltd. for the engineering,
procurement and construction of two semi-submersible accommodation vessels, with
options for four further units. Prosafe has now completed firm turnkey contracts
with the yard. The vessels will be the most advanced and flexible units for
worldwide operations excluding Norway, and will be ready for operations in 2016.
The units will be of Gusto MSC's Ocean 500 design, and will be equipped with
500 beds, DP3 station keeping systems, 10-point chain mooring and 300 tonne
cranes. This will allow for operations in both DP and anchored mode, providing
maximum cost efficiency and flexibility.
The contracts are in excess of USD 200 million for each of the two vessels. The
vessels will be financed through cash flow from operations, existing debt
commitments and new debt facilities.
The two new vessels reinforce Prosafe's position as world leader in offshore
accommodation, in line with the company's long-term industrial strategy.
Prosafe's continued objective is to remain cost-effective in terms of both
construction and future capital expenditure and to own and operate the most
versatile fleet for year-round worldwide operations.
The vessels will be named Safe Notos and Safe Eurus, joining Prosafe's other
newbuilds Safe Boreas and Safe Zephyrus, all named after the gods of wind in
Greek mythology.
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, 22 November 2013
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20 / +47 99 10 94 67
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#1745143]
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2013 - 11:08 Uhr
Sprache: Deutsch
News-ID 319477
Anzahl Zeichen: 3360
contact information:
Town:
Larnaca
Kategorie:
Business News
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