Operational update for the third quarter of 2009

Operational update for the third quarter of 2009

ID: 6619

(Thomson Reuters ONE) - Rig utilisation in the third quarter of 2009 was 96 per cent.MSV Regalia started operation for BP at the Valhall field in theNorwegian North Sea on 12 July and has been in operation throughoutthe rest of the third quarter.Safe Scandinavia started operation for Shell at the Shearwater fieldin the UK North Sea at the end of July.Safe Astoria was in layup at the Kemaman yard in Malaysia most of thethird quarter, after SEIC in the beginning of February terminated thecontract for convenience. During the third quarter, Prosafe hasreceived 85 per cent of the day rate from SEIC. Safe Astoriacommenced a new contract for Shell at the Malampaya Shallow WaterPlatform offshore Palawan in the Philippines in early October.All other vessels have been fully utilised in the third quarter.Prosafe is the world's leading owner and operator of semi-submersibleaccommodation/service rigs. Operating profit reached USD 232.2million in 2008. The company operates globally, employs approx. 400people and is headquartered in Larnaca, Cyprus. Prosafe is listed onthe Oslo Stock Exchange with ticker code PRS. For more information,please refer to www.prosafe.com.Larnaca, 6 October 2009Prosafe SEFor further information please contact:Arne Austreid, President and CEOPhone: +357 2462 1746 / +357 992 75 030Karl Ronny Klungtvedt, EVP Strategy and Corporate PlanningPhone: +47 51 64 25 81/+47 908 81 657Cecilie Helland Ouff, Finance ManagerPhone: +47 51 64 25 20/ +47 991 09 467This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 06.10.2009 - 11:49 Uhr
Sprache: Deutsch
News-ID 6619
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