Prosafe SE: Total awards Central Graben to Prosafe

Total E & P UK Limited ("Total") has awarded Prosafe a contract for the provision of the Safe Caledonia semi-submersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea.

The firm period of the contract is 134 days plus additional 30 days option to extend with on-site operations planned to commence 15^th May 2017.

Total value of the contract is estimated at USD 10 million including mobilisation, demobilisation and associated services.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 26 January 2017
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Stig Harry Christiansen, Acting CEO
Prosafe Management AS
Phone: +47 51 64 25 17 / +47 478 07 813

Robin Laird, Acting CFO
Prosafe Offshore Services Pte Ltd.
Phone: +65 81 27 21 01