Prosafe has been awarded a contract by Nexen Petroleum U.K. Limited ("Nexen") for a 240-day firm period using the Safe Caledonia for accommodation support at the Golden Eagle facility in the UK sector of the North Sea.
Subject to the Golden Eagle development receiving regulatory approval, on site operations are planned to commence between May and July 2014. In addition, Prosafe has granted Nexen one additional 30-day option.
Total value of the contract for the firm period is about USD 74 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, 14 September 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
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20