Ocean Oil Construction and Services Ltd. has awarded Prosafe a contract extension for the use of the company’s semi-submersible offshore support rig Jasminia for accommodation services in Mexico. The contract extension has a duration of 55 days and runs from 6 November 2002 until 31 December 2002. The contract has a value of about USD 1,65 mill.
This contract extension confirms again that Prosafe together with its partner Cotemar has a strong position in the service and accommodation rig segment.
Prosafe is the world’s leading owner and operator of semi-submersible 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. 1800 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.prosafe.com.
Tananger, 6 November 2002