This means that the rig will continue to work from 1 November and through 14 November 2004. The contract value is USD 1.68 million.
Prosafe Offshore has now secured a fixed fleet utilisation exclusive options of approximately 87% in 2004, 79% in 2005, 82.5% in 2006, 62.5% in 2007 and 34% in 2008. Prosafe maintains a positive view on the prospects within the service and accommodation rig segment.
Prosafe is the world's leading owner and operator of semi-submersible service rigs, a leading platform drilling contractor in Norway and a major owner and operator of floating production and storage vessels outside the North Sea. Operating revenues reached USD 413 million in 2003. The company has approx. 2,000 employees. Prosafe operates in the North Sea, South East Asia, India, Egypt, West Africa and the Gulf of Mexico. The company is headquartered in Stavanger, Norway. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Tananger, 6 October 2004