As a consequence of the extra work related to changing the thruster and loss of revenue, Prosafe estimates a shortfall on the operating profit of USD 1 million.
Prosafe is the world's leading owner and operator of semi-submersible service rigs, a leading platform drilling contractor in Norway and a major owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached USD 413 million in 2003. The company has approx. 1,400 employees. 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, 26 October 2004