Operational update for Q3 2011

Operational update for Q3 2011

ID: 77401

(Thomson Reuters ONE) -


Rig utilisation in the third quarter of 2011 was 91 per cent.

Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia,
Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia and Safe
Concordia have been fully utilised in the third quarter.

Safe Astoria was idle in the third quarter. The rig has been at Britoil Offshore
in Indonesia undergoing upgrade and renewal survey.

For further details on dayrates and opex levels, please see attached PDF.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 221.1 million in 2010.
The company operates globally, employs 500 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, 18 October 2011
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 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30 / +47 909 43 673

Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
Rig utilisation in the third quarter of 2011 was 91 per cent.

Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia,
Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia and Safe
Concordia have been fully utilised in the third quarter.

Safe Astoria was idle in the third quarter. The rig has been at Britoil Offshore
in Indonesia undergoing upgrade and renewal survey.

For further details on dayrates and opex levels, please see attached PDF.

Prosafe is the world's leading owner and operator of semi-submersible




accommodation/service rigs. Operating profit reached USD 221.1 million in 2010.
The company operates globally, employs 500 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, 18 October 2011
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 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30 / +47 909 43 673

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



Dayrates and OPEX:
http://hugin.info/64729/R/1555665/479890.pdf




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#1555665]


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Bereitgestellt von Benutzer: hugin
Datum: 18.10.2011 - 12:09 Uhr
Sprache: Deutsch
News-ID 77401
Anzahl Zeichen: 3602

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