Prosafe and Elf Exploration UK Ltd have agreed an extension to the firm period for the provision of the Safe Bristolia accommodation support vessel at the Elgin-Franklin Facility in the British sector of the North Sea. The duration or the firm extension period is 61 days commencing mid-October 2013. Total value of the firm extension period is approximately USD 15.9 million. In addition, Prosafe has granted Elf Exploration a 14-day option.
A/S Norske Shell has exercised the two-week option for Regalia at the Draugen Topside Campaign Project offshore Norway, extending operations until 10 November. Total value of the two-week option is approximately USD 5 million.
Cotemar group has confirmed that Safe Lancia has been awarded a contract extension until mid-October.
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The company operates globally, employs 570 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, 2 October 2013
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Helland Ouff, Senior Manager Finance and IR
Prosafe AS
Phone: +47 991 09 467
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Source: Prosafe SE via Thomson Reuters ONE
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