New subsea support contract awarded the MSV Regalia

This contract is the third contract in a short period of time between ProSafe and Halliburton under the participation agreement which was concluded between the companies earlier this year covering subsea construction support with the MSV Regalia.

ProSafe views this contract award as yet another confirmation of the unique qualities of the MSV Regalia under harsh weather conditions, and has therefore an optimistic view of the possibility of getting more short term jobs even during the winter season.

ProSafe ASA, comprising the business areas Offshore Support Services, Offshore Drilling & Related Services and Other Business, is the world’s leading owner and operator of semi submersible service rigs and also the leading player within platform drilling on the Norwegian Continental Shelf. As at the end of the 3rd quarter 2000, total turnover was MNOK 1,626 and the operating profit MNOK 458. At the same time, the company employed a total of approx. 1,300 people.

ProSafe is listed on the Oslo Stock Exchange’s main list under ticker code PRS.