The Safe Bristolia will transit to the North Sea from Singapore after demobilising from its current commitment at Sakhalin Island. On-site operations will commence March 2008.
Total value of the LoI excluding the option period is about USD 41 million. The LoI will ensure a high utilisation level of the vessel in 2008 and demonstrates the flexibility of the Prosafe fleet of service and accommodation rigs.
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels. Operating profit reached USD 150 million in 2006. The company operates globally and employs approx. 1 000 people and is headquartered in Stavanger, Norway. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Stavanger, 7 May 2007
For further information please contact:
Arne Austreid, President and CEO
Phone: +47 51 64 25 81 / +47 900 77 334
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone: +47 51 64 25 40 / +47 908 81 657
Robin Laird, President Offshore Support Services
Phone no: +65 6559 1980