Prosafe SE: Operational update Q4 2014
(Thomson Reuters ONE) -
The fleet utilisation rate in the fourth quarter of 2014 was 92 per cent. Safe
Caledonia, Safe Scandinavia, Regalia, Safe Concordia, Safe Astoria, Safe Lancia,
Jasminia, Safe Hibernia, Safe Britannia and Safe Regency were in full operation
throughout the quarter.
Safe Concordia is operating on a three-year contract with Petrobras in Brazil.
The average effective day rate in the fourth quarter was approximately USD
162,000.
As announced previously, Safe Bristolia sustained damaged to lifeboats after
experiencing bad weather during work at the Everest field in UK in early
October. Operations were suspended and the vessel was brought to the Hanøytangen
shipyard in Norway for repair work. The vessel will be ready for operations
again well in advance of the start-up for the second part of the BG contract in
April 2015.
To cover extra-ordinary expenses related to the Safe Bristolia incident, a
provision of around USD 7 million will be made in the fourth quarter accounts.
Safe Britannia and Safe Hibernia are currently working on shorter term contract
extensions in Mexico.
The new build Safe Boreas was delivered from Jurong Shipyard in Singapore
earlier this month. The vessel is now in transit to Norway, where it is
scheduled to commence a contract with Lundin Petroleum in connection with hook-
up and commissioning of the Edvard Grieg production facility.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service vessels. Operating profit reached USD 245.1 million in
2013 and net profit was USD 199.1 million. The company operates globally,
employs about 650 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 January 2015
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 70
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1888803]
Unternehmensinformation / Kurzprofil:
Datum: 22.01.2015 - 10:22 Uhr
Sprache: Deutsch
News-ID 366169
Anzahl Zeichen: 3049
contact information:
Town:
Larnaca
Kategorie:
Business News
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