Prosafe SE: Operational update for Q1 2012
(Thomson Reuters ONE) -
Rig utilisation in the first quarter of 2012 was 83.3 per cent. Regalia, Safe
Scandinavia, Safe Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe
Hibernia, Safe Britannia, Safe Regency and Safe Bristolia have been fully
utilised in the first quarter.
The dayrate for Safe Concordia is subject to monthly adjustments based on
currency exchange movements. In the first quarter, the average effective dayrate
was USD 144,500.
Safe Astoria remained at the yard throughout the first quarter, preparing for
operations in Australia scheduled to commence in late May. Operating expenses
for the rig amounted to USD 5.5 million in the quarter. This is considerably
higher than in normal operations due to expenses relating to the contract
preparations and a more intensive maintenance scheme while the rig is at the
yard.
Safe Esbjerg was idle in the first quarter.
For more details on dayrates and operating cost, please refer to the table on
Prosafe's website, with direct link
http://www.prosafe.com/category.php?categoryID=482.
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, 25 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 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#1605452]
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Datum: 25.04.2012 - 02:48 Uhr
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