BP Norge AS has exercised two three-month options for the continued use of the MSV Regalia and thereafter Safe Scandinavia at the Valhall offshore facility in the Norwegian sector of the North Sea.
The first three months commencing in July 2011 using the MSV Regalia will be in direct continuation of the existing firm period. The Safe Scandinavia will complete the remaining three months commencing October 2011, consecutively after the MSV Regalia. The value of the exercised options is around USD 44.9 million.
In addition, Prosafe has granted an additional two-month option commencing January 2012 if exercised.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 218.6 million in 2009. The company operates globally, employs approx. 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, 17 January 2011
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81 / +47 908 81 657
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