Prosafe SE : Prosafe signs first contract for Safe Notos

Prosafe has signed a contract with an undisclosed client for the provision of an accommodation vessel in the UK sector of the North Sea.

The contract firm period commitment is over eight months and will involve an initial short period using the Safe Zephyrus commencing in Q2 2016, to be replaced with the Safe Notos on arrival into the North Sea. In addition, Prosafe has granted four one-month options.

Total value of the contract for the firm period is approximately USD 60 million.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014 and net profit was USD 178.8 million. The company operates globally, employs 800 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, 17 August 2015
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 00

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations

 

Prosafe AS
Phone: +47 51 64 25 20



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