PRS - Statoil extends the contracts on Gullfaks and Heidrun


Prosafe Drilling Services has been responsible for platform drilling and maintenance on Gullfaks since 1983 and on Heidrun since 1994. The fields are part of the Tampen tender for Statoil, which will embrace platform services on Statfjord, Visund, Gullfaks, Heidrun and Snorre, and is due to be awarded in June/July 2004.
 
Prosafe is the world's leading owner and operator of semi-submersible service rigs, the largest platform drilling contractor in Norway and a major owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached NOK 2.9 billion in 2002. The company employs approx. 2,000 people. 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 March 2004