Rig utilisation in the second quarter of 2011 was 84.7 per cent.
Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the second quarter.
Safe Bristolia commenced on the contract with Cotemar mid-May 2011. Prior to this the rig was at yard in Poland for a five-year class survey and other maintenance work.
Since Safe Concordia was made available for the client on 18 April, the rig had 43 days with standby dayrate and 16 days with full dayrate in the quarter. The rig is currently operating alongside a turret-moored FPSO for Petrobras offshore Brazil and the operation is going as planned.
Safe Astoria was idle in the second quarter.
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, 11 August 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 / +47 908 81 657
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467