Rig utilisation in the first quarter of 2012 was 83.3 per cent. Regalia, Safe Scandinavia, Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency and Safe Bristolia have been fully utilised in the first quarter.
The dayrate for Safe Concordia is subject to monthly adjustments based on currency exchange movements. In the first quarter, the average effective dayrate was USD 144,500.
Safe Astoria remained at the yard throughout the first quarter, preparing for operations in Australia scheduled to commence in late May. Operating expenses for the rig amounted to USD 5.5 million in the quarter. This is considerably higher than in normal operations due to expenses relating to the contract preparations and a more intensive maintenance scheme while the rig is at the yard.
Safe Esbjerg was idle in the first quarter.
For more details on dayrates and operating cost, please refer to the table on Prosafe's website, with direct link http://www.prosafe.com/category.php?categoryID=482.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 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, 25 April 2012
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 Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
The dayrate for Safe Concordia is subject to monthly adjustments based on currency exchange movements. In the first quarter, the average effective dayrate was USD 144,500.
Safe Astoria remained at the yard throughout the first quarter, preparing for operations in Australia scheduled to commence in late May. Operating expenses for the rig amounted to USD 5.5 million in the quarter. This is considerably higher than in normal operations due to expenses relating to the contract preparations and a more intensive maintenance scheme while the rig is at the yard.
Safe Esbjerg was idle in the first quarter.
For more details on dayrates and operating cost, please refer to the table on Prosafe's website, with direct link http://www.prosafe.com/category.php?categoryID=482.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 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, 25 April 2012
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 Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.