This means that the rig will continue to work beyond 29 September 2004 and until 13 October. The contract value is approximately USD 1.6 million.
Prosafe Offshore has now secured an all-time high order backlog, with a fixed fleet utilisation exclusive options of approximately 86.5% in 2004, 79% in 2005, 82.5% in 2006, 62.5% in 2007 and 34% in 2008. Prosafe will continue to work to maintain the best fleet to meet future demands.
Prosafe is the world's leading owner and operator of semi-submersible service rigs, a leading platform drilling contractor in Norway and a major owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached USD 415 million in 2003. The company has approx. 2,000 employees. Prosafe operates in the North Sea, South East Asia, India, Egypt, West Africa and the Gulf of Mexico. The company is headquartered by Stavanger, Norway. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Tananger, 8 September 2004