Prosafe and Interpetroleum Services Limited have agreed to extend the bareboat contract for use of the semi-submersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico with 159 days.
This is the first of a series of mutually agreeable extensions with a duration of up to six months each. If all extensions are agreed, the contract will run until mid-February 2013.
The contract runs now until 8 June 2011. The value of the extension of the bareboat contract is about USD 7.2 million.
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, 30 September 2010
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 51 64 25 81 / +47 908 81 657
Robin Laird, President Offshore Support Services
Phone: +65 6559 1980 / +65 8127 2101