Prosafe SE Enhances Partnership with Petrobras Through Extension
Prosafe SE Strengthens Relationship with Petrobras
Prosafe SE has recently made headlines by finalizing a contract extension with Petróleo Brasileiro S.A. (‘Petrobras’) for the renowned Safe Zephyrus semi-submersible vessel. This extension signifies a crucial step in providing comprehensive safety and maintenance support in offshore operations.
Details of the Contract Extension
The original agreement encompassed a firm operating period of 650 days, slated to conclude in February 2025. However, the latest extension has added an impressive 954 days, thus pushing operations into September 2027. This extension also comes with an increased fuel allowance, which has been elevated from 20m³ to 25m³ per day, highlighting Petrobras’ confidence in Prosafe's capabilities.
Economic Impact of the Extension
The financial implications of this contract extension are significant, with the total value amounting to approximately USD 109.7 million. This figure not only represents a substantial business opportunity for Prosafe but also underscores the importance of ongoing relationships in the oil and gas sector, particularly in a region as vital as offshore Brazil.
Comments from Leadership
The CEO of Prosafe, Terje Askvig, expressed his satisfaction with the contract extension, noting the impressive performance of the Safe Zephyrus for Petrobras. He stated, “The Safe Zephyrus has been performing extremely well for Petrobras, serving its role supporting safety and maintenance within the important Buzios business unit offshore Brazil. This significant extension emphasizes the continued and increasing demand for high specification units in the region where Prosafe is well placed to increase its market share.”
Prosafe’s Strategic Position
Prosafe SE's recent contract extension is not just a business win but a clear indicator of its strategic positioning in the industry. With its focus on providing high-quality support in essential sectors, particularly safety and maintenance, Prosafe is poised for growth. The company aims to leverage this partnership to enhance its operational capabilities and expand its footprint across offshore markets.
Contact Information
For further inquiries or details regarding this contract, interested parties can reach out to:
Terje Askvig, CEO
Phone: +47 952 03 886
Reese McNeel, CFO
Phone: +47 415 08 186
Frequently Asked Questions
What is the significance of the contract extension for Prosafe SE?
The extension solidifies Prosafe's role in providing ongoing safety and maintenance support offshore Brazil, emphasizing its operational excellence.
How long has the contract with Petrobras been extended?
The contract period has been extended by an additional 954 days, now running until September 2027.
What is the new fuel allowance for the Safe Zephyrus?
The fuel allowance has increased from 20m³ to 25m³ per day as part of the extension.
What is the total value of the contract extension?
The total value of the contract extension is approximately USD 109.7 million.
Who can be contacted for more information regarding this contract?
Terje Askvig, CEO, and Reese McNeel, CFO, are available for further inquiries regarding the contract.
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