Prosafe SE Updates: Fleet Performance and Future Contracts
Fleet Performance Overview
In recent updates, Prosafe SE reported a fleet utilization rate of 57 percent for the fourth quarter. This statistic reflects the overall performance of their semi-submersible accommodation vessels during this period.
Operational Success of Vessels
Notable success was achieved with the company's operating vessels - Safe Notos, Safe Eurus, Safe Zephyrus, and Safe Concordia. Each of these vessels recorded an impressive 100 percent utilization during the same period, highlighting their efficiency and reliability.
Contract Extensions and Future Planning
One of the significant developments involves the contract extension of Safe Zephyrus with Petrobras. This agreement has recently been formalized, extending the original 650-day firm period by an additional 954 days, thus allowing operations to continue through September 2027.
Reactivation Activities for Safe Caledonia
In another key movement, the Safe Caledonia has commenced reactivation activities at Scapa Flow, UK. After completing these activities, it is scheduled to mobilize to the Captain Field in the UK, expected to occur within June 2025.
Future Relocation Plans for Safe Boreas
Looking ahead, Safe Boreas is in Norway undergoing preparations for relocation in the second quarter of 2025. The vessel is set for a contract in Australia, which is anticipated to commence as early as October 2025.
Current Status of Other Vessels
On a different note, Safe Scandinavia remains laid up in Norway, awaiting potential opportunities in the market.
About Prosafe SE
Prosafe is recognized as a leading owner and operator of semi-submersible accommodation vessels. The company's strategic positioning within this sector is bolstered by its listing on the Oslo Stock Exchange, under the ticker code PRS, along with several other associated tickers such as Oslo:PRS03, Oslo:PRS02, Oslo:PRS04, and Oslo:PRS01.
For further inquiries, interested parties are encouraged to reach out to:
Contact Information
Terje Askvig, CEO
Phone: +47 952 03 886
Reese McNeel, CFO
Phone: +47 415 08 186
Frequently Asked Questions
What is the fleet utilization rate for Q4 2024?
The fleet utilization rate for Q4 2024 was reported at 57 percent.
Which vessels achieved 100 percent utilization?
Safe Notos, Safe Eurus, Safe Zephyrus, and Safe Concordia achieved 100 percent utilization during the reporting period.
What is the duration of Safe Zephyrus' contract extension?
Safe Zephyrus' recent contract extension with Petrobras adds 954 days to its original contract, extending operations through September 2027.
When is Safe Caledonia expected to mobilize?
Safe Caledonia is expected to mobilize to the Captain Field within June 2025 after reactivation activities.
What are the future plans for Safe Boreas?
Safe Boreas will relocate in Q2 2025 for a contract in Australia, commencing as early as October 2025.
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