Prosafe has been awarded a Letter of Intent ("LoI") by Nexen Petroleum U.K. Limited for the provision of the Safe Bristolia accommodation support rig at the Buzzard offshore facility in the UK sector of the North Sea. The firm duration of the contract linked to the LoI commencing April 2010 is six months.
Total value of the contract linked to the LoI is about USD 61 million.
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels. Operating profit reached USD 150 million in 2006. The company operates globally and employs approx. 1,400 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, 7 February 2008
Prosafe SE
For further information please contact:
Arne Austreid, President and CEO
Phone no: +357 246 21 746 / +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone no: +357 2462 1982 / +357 996 88 169
Robin Laird, President Offshore Support Services
Phone no: +65 6559 1980 / +65 8127 2101