Reference is made to press release dated 26 October 2011. BP Norge AS has exercised the two outstanding 14-day options, thereby extending Safe Scandinavia's operations at Valhall until 1 April 2012.
The value of the exercised options is around USD 6.8 million.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 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, 21 February 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25
The value of the exercised options is around USD 6.8 million.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 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, 21 February 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.