Prosafe SE: Operational update Q3 2015

Prosafe SE: Operational update Q3 2015

ID: 427671

(Thomson Reuters ONE) -


The fleet utilisation rate in the third quarter of 2015 was 81 per cent.

Regalia, Safe Bristolia, Safe Concordia and Safe Boreas were fully contracted in
the North Sea during the quarter.

Safe Regency, Safe Lancia, Safe Hibernia and Safe Britannia were fully
contracted in Mexico throughout the quarter. Prosafe has been informed that
Pemex is indicating that payment terms will be up to 180 days until further
notice from September 2015.

Safe Caledonia commenced on contract in the UKCS early July 2015.

Safe Astoria completed her contract at the Malampaya facility with Shell
Philippines in early September and was on transit dayrate until mid-September.
Safe Astoria is now located in Batam, Indonesia, undergoing minor works.

The conversion of Safe Scandinavia to a Tender Support Vessel at the Westcon
yard in Ølensvåg, Norway, continued during the third quarter. The commencement
offshore at Oseberg East for Statoil is expected towards the end of the fourth
quarter of 2015.

Jasminia remains off-hire and is located offshore Mexico.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 248.3 million in 2014 and
net profit was USD 178.8 million. The company operates globally, employs 800
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, 19 October 2015
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

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 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#1959659]




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Datum: 19.10.2015 - 08:30 Uhr
Sprache: Deutsch
News-ID 427671
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