The contract is for a firm one-year period with a one-year option. The value of the firm period including mobilisation and demobilisation is USD 52.1 million.
Prosafe has secured a rig utilisation of about 93% in 2006. Long-term market prospects for accommodation and service rigs are positive, and the business division has already now secured a fleet utilisation of about 80% in 2007 and about 41% in 2008.
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 outside the North Sea. Operating profit reached USD 103.6 million in 2005. The company operates globally and employs approx. 650 people. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Tananger, 9 March 2006