Operational update for Q4 2010

Operational update for Q4 2010

ID: 50486

(Thomson Reuters ONE) -


Rig utilisation in the fourth quarter of 2010 was 61 per cent.

MSV Regalia operated for BP at Valhall in Norway until 23 November.

Safe Scandinavia operated for Statoil in Norway until the end of October. Before
replacing MSV Regalia, Safe Scandinavia adjusted the gangway to correspond to
the landing platform height at Valhall. Safe Scandinavia commenced operation for
BP at Valhall on 21 November.

Safe Concordia, Safe Astoria, Safe Bristolia and Safe Caledonia were idle in the
fourth quarter.

Safe Scandinavia, MSV Regalia, Safe Bristolia and Safe Caledonia have carried
out parts of their annual maintenance work in the fourth quarter.

Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe
Regency have been fully utilised in the fourth quarter.

The rig utilisation for the year 2010 was 75 per cent.

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, 17 January 2011
Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81 / +47 908 81 657

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673

Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467






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#1480079]


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Bereitgestellt von Benutzer: hugin
Datum: 17.01.2011 - 08:54 Uhr
Sprache: Deutsch
News-ID 50486
Anzahl Zeichen: 2384

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