businesspress24.com - Prosafe SE : Safe Caledonia awarded contract in the UK North Sea
 

Prosafe SE : Safe Caledonia awarded contract in the UK North Sea

ID: 1106275

(Thomson Reuters ONE) -


Prosafe has signed a contract with BP Exploration Operating Company Limited
('BP') for the use of Safe Caledonia conducting accommodation support at the
Andrew Area Development Project in the UK sector of the North Sea. On site
operations are planned to commence end-2012, with a firm period through to end-
August 2013. In addition, Prosafe has granted BP a one-month option.

Total value of the firm period will be around USD 65.4 million.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 192.3 million in 2011.
The company operates globally, employs 550 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 April 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 20 / +47 991 09 467


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.





This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Prosafe SE via Thomson Reuters ONE
[HUG#1605269]







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Bereitgestellt von Benutzer: hugin
Datum: 24.04.2012 - 02:00 Uhr
Sprache: Deutsch
News-ID 1106275
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