Prosafe has entered into an agreement to purchase a VLCC. The vessel was built by Hyundai Heavy Industries in 1988 and has a storage capacity of 1.9 million barrels.
Prosafe has observed a strong demand for FPSOs, and considers that the vessel is a very suitable candidate for several identified projects.
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a leading owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached USD 295 million in 2005. The company has approx. 600 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, 3 February 2006