Prosafe has been awarded a Letter of Intent ("LOI") by Talisman Energy Norge AS for a 107 day contract using the MSV Regalia for accommodation support at the Yme facility in the Norwegian sector of the North Sea. On site operations are planned to commence early November 2011.
Total value of the contract for the firm period linked to the LOI is about USD 34 million.
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, 29 June 2011
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +357 996 88 169
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 991 09 467
Georgina Georgiou, General Manager
Prosafe SE
Phone: +357 2462 2450