July 02, 2014 Prosafe SE :Contract signed for Safe Scandinavia Norwegian TSV operationsReference is made to press release dated 17 March 2014. Prosafe has now signed a contract with Statoil Petroleum AS ('Statoil') for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support vessel ('TSV') operations at the Oseberg Øst installation on the Norwegian continental shelf. The three year firm period on site operations commencement is subject to existing contractual obligations with Statoil at the Snorre installation, and the temporary TSV conversion works commencing within Q1 2015. Such commencement date is targeted for June 2015. In addition, Prosafe has granted Statoil four additional one-year options. Prosafe is the world's leading owner and operator of semi-submersible accommodation/service vessels. Operating profit reached USD 245.1 million in 2013 and net profit was USD 199.1 million. The company operates globally, employs 610 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, 02 July 2014 For further information, please contact: Karl Ronny Klungtvedt, Chief Executive Officer Cecilie Helland Ouff, Senior Manager Finance and Investor Relations |