The evaluation will primarily address whether a split into a floating production company and an accommodation/service rig company would further enhance and visualize the values of its two business units. Also, the evaluation will investigate whether two focused companies can improve growth opportunities on a stand alone basis.
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, employs approx. 1 000 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, 24 September 2007
Prosafe SE
For further information, please contact:
Arne Austreid, President and CEO
Phone: +47 900 77 334 / +65 630 20 311
Karl Ronny Klungtvedt, Exec. VP and CFO
Phone: +357 2462 1982 / +357 996 88 169