Ocean Oil has extended the contract for the use of the Safe Jasminia by 91 days as from 11 June 2000. The contract, which is a bareboat contract, has a value of approx. NOK 29 mill.
The extension is a confirmation of the strength of the Mexican market in which a high activity level is expected in connection with the development of the Cantarell field the next years. Based on this, ProSafe expects to at least have 4 rigs in Mexico during 2001.
Currently, ProSafe experiences 100% fleet utilisation.
ProSafe ASA, comprising the business areas Offshore Support Services, Offshore Drilling & Related Services and Technology & Engineering, is the largest contractor within the platform drilling segment on the Norwegian Continental Shelf and also the world’s leading operator of accommodation/service rigs owning 6 out of 8 units world-wide. Further the company holds leading positions within the areas of equipment for drilling fluid processes and also offshore fabrication through its subsidiaries Procon Engineering and Consafe Engineering. The company is listed on the Oslo Stock Exchange with ticker code PRS.
Tananger 5 July 2000