Utilisation in the third quarter of 2013 was 91 per cent, with ten vessels; Safe Scandinavia, Regalia, Safe Caledonia, Safe Bristolia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency in full operation during the quarter.
Safe Concordia was on contract in Brazil throughout the third quarter. The average effective day rate in the quarter was approximately USD 140 000.
Safe Scandinavia, Regalia, Safe Caledonia and Safe Bristolia were in full operation in the North Sea during the quarter.
Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency were in full operation in Mexico during the third quarter.
Safe Astoria remained at the yard in Batam, Indonesia during the quarter.
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The Company operates globally, employs 570 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, 24 October 2013
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.