Prosafe has been awarded a contract by BG International Limited for the provision of the Safe Caledonia accommodation rig for the North Everest project in the North Sea. This project will commence immediately after the completion of the BG Armada project with the rig thereafter being on hire to BG International Limited until 17th March 2012. In addition Prosafe has granted two additional one-week options.
Total value of the contract for the utilisation period (excluding options) is circa USD 21 million.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 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, 8 July 2011
Georgina Georgiou
General Manager
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +357 996 88 169
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467