Prosafe ASA has today entered into an agreement with K/S Rasmussen Offshore A/S for the purchase of the semi-submersible accommodation and service rig Polyconcord.
The purchase price is USD 34.5 million.
Polyconcord is currently located at Hanøytangen outside Bergen, and will be outfitted for a tropical climate and towed to the Gulf of Mexico early March this year.
This acquisition supports Prosafe's strategy of building a fleet of purpose-built semi-submersible accommodation and service rigs for the global deepwater accommodation segment. Prosafe will continue to evaluate opportunities to also utilise the vessels in other operating modes and/or other geographical regions outside the North Sea and the Gulf of Mexico in a longer term perspective.
Prosafe is the world's leading owner and operator of semi-submersible accommodation and service rigs, the largest platform drilling contractor in Norway and a major owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached NOK 2,4 billion in 2001. The company employs approx. 1600 people. Prosafe operates in the North Sea, South-East Asia, India, Egypt, West Africa and the Gulf of Mexico. The company is headquartered in Stavanger, Norway. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafecorp.com.
Tananger, 14 February 2002