Prosafe SE has during the recent years had a strong international growth. The company is the world's leading owner and operator of semi-submersible accommodation and service rigs, and owns and operates 12 accommodation/service rigs. Further, Prosafe owns/operates six FPSOs/FSOs and has two FPSOs under installation in New Zealand and Brazil respectively. The company is also pursuing several FPSO projects.
The business units Floating Production and Offshore Support Services are headquarterd in Singapore. To strengthen the group's focus on growth and further development of the business units, Prosafe has decided to establish the position of Chief Operating Officer (COO). Consequently, the following reorganisation of corporate management will be implemented with immediate effect:
- Exec. V.P. and CFO, Bjørn Henriksen will assume the position as COO.
- Exec. V.P. Corporate Business Development, Roy Hallås will assume the position as President of Floating Production.
- President of Floating Production, Hugh Parry will assume the position as Exec. V.P. Special Projects. His work will involve both projects within Floating Production and on a corporate level.
- V.P. Finance and Treasury, Karl Ronny Klungtvedt will assume the position as Exec. V.P. and CFO in Prosafe SE.
Prosafe is the world's leading owner and operator of semi-submersible service rigs and a major owner and operator of floating production and storage vessels. Operating profit reached USD 150 million in 2006. The company operates globally, employs approx. 1 000 people and 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.
Stavanger, 3 May 2007
For further information please contact:
Arne Austreid, President and CEO
Phone no: +47 51 64 25 81 / +47 900 77 334
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone: +47 51 64 25 40 / +47 908 81 657