Petrobras Letter of Intent for Safe Concordia

Petrobras Letter of Intent for Safe Concordia

ID: 45906

(Thomson Reuters ONE) -


Prosafe has been awarded a Letter of Intent (LoI) by Petróleo Brasileiro S.A.
(Petrobras) for the provision of the Safe Concordia semi-submersible rig for
safety and maintenance support offshore Brazil.

The firm period of the contract linked to the LoI is three years and the total
contract value is about USD 157 million. Operations are planned to commence
early in the second quarter of 2011.

The award of this LoI confirms that Brazil is a growing market for safety and
maintenance support services.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 218.6 million in 2009.
The company operates globally, employs approx. 400 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 2010
Prosafe SE


For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Phone: +357 99 68 81 69

Cecilie Ouff, Finance Manager
Phone: +47 99 10 94 67


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading )


[HUG#1452887]








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




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Bereitgestellt von Benutzer: hugin
Datum: 19.10.2010 - 17:35 Uhr
Sprache: Deutsch
News-ID 45906
Anzahl Zeichen: 0

contact information:
Town:

Larnaca



Kategorie:

Business News



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