The total value of the contract is about USD 58 million. This contract demonstrates the positive trend in the market for offshore accommodation units and the suitability of DP semi-submersible vessels in deepwater locations.
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 and employs approx. 1,000 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, Cyprus, 26 October 2007
Prosafe SE
For further information please contact:
Arne Austreid, President and CEO
Phone: +357 2462 1746 / +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO
Phone: +357 2462 1982 / +357 996 88 169