UMOE OLJE OG GASS AS AWARDS PROSAFE A DRILLING FLUID EQUIPMENT AND ENGINEERING SUPPORT CONTRACT ON OSEBERG C

Procon Engineering AS, a wholly owned subsidiary of ProSafe ASA, has been awarded the contract for delivery of drilling fluid equipment and technical support during engineering, construction, commissioning and start-up of a new drilling mud module on Oseberg C. The contract value is approx. NOK 28 mill. The work will commence immediately and will finish June 2001.

This award confirms Procon Engineering’s leading position within design and delivery of drilling fluid systems.

During the last month, ProSafe has been awarded new contracts with a total value of approx. NOK 148 mill.

ProSafe ASA, comprising the business areas Offshore Support Services, Offshore Drilling & Related Services and Technology & Engineering, is the largest contractor within the platform drilling segment on the Norwegian Continental Shelf, and also the world’s leading operator of semi-submersible service rigs, owning 6 out of 8 units world-wide. Further, the company holds leading positions within the areas of equipment for drilling fluid processes and also offshore fabrication through its subsidiaries Procon Engineering and Consafe Engineering.

The company is listed on the Oslo Stock Exchange with ticker code PRS.


Tananger 27 July 2000