Prosafe SE Expands Safe Concordia Charter in Gulf of Mexico

Prosafe SE Reinforces Its Presence in the Gulf of Mexico

In an exciting development for Prosafe SE, the company has recently announced a notable extension of the charter for its vessel, the Safe Concordia, in the US Gulf of Mexico. This comes as a significant boost for Prosafe, a key player in the accommodation and support vessel segment. With the latest agreement, the charterer has decided to exercise an option to extend the contract by an additional four months. This extension will not only secure the vessel's active operations for an extended period, but it also reflects the growing demand for accommodation solutions in offshore activities.

Details of the Charter Extension

The charterer has exercised options to prolong the agreement for another two months, plus an additional two-month extension, which brings the total fixed term to March 9, 2024. This decision, which follows earlier disclosures made in 2022 and early 2024, signals a strong confidence in the Safe Concordia's capabilities. The total contract value associated with this four-month extension is approximately USD 13.14 million, showcasing a robust investment in offshore operations during this period.

Impact on Prosafe SE's Operations

For Prosafe SE, this charter extension not only solidifies its reputation as a reliable operator of semi-submersible accommodation vessels, but it also positively impacts its financial outlook. With increasing operational demands in the Gulf, the Safe Concordia is positioned to play a critical role in supporting various offshore projects. This enhanced presence is likely to benefit the company as it seeks to maximize its resources and offerings.

About Prosafe SE

Prosafe SE is a prominent company in the maritime services sector, specifically focusing on the provision of offshore accommodation. Listed on the Oslo Stock Exchange with the ticker code PRS, Prosafe is committed to delivering high-quality services and ensuring the comfort and safety of personnel offshore. The recent charter extension aligns with its strategic objectives, allowing for continued growth and operational excellence.

Leadership and Contact Information

At the helm of Prosafe is Terje Askvig, the CEO, alongside Reese McNeel, the CFO. Their leadership has been instrumental in steering the company through the complexities of the offshore market. For more specific inquiries or further information regarding Prosafe SE, interested parties can reach out directly to Terje Askvig at +47 952 03 886 or Reese McNeel at +47 415 08 186.

Financial Considerations and Compliance

The announced information concerning the charter extension is classified as inside information under the EU Market Abuse Regulation. It is crucial for Prosafe SE to adhere to all disclosure requirements, demonstrating transparency and accountability within the financial markets. The communication regarding this announcement was facilitated by Line Bliksmark, Marketing and Communications Manager. The prompt dissemination of such information is vital for maintaining trust with stakeholders and investors.

Frequently Asked Questions

What does the charter extension for Safe Concordia mean for Prosafe SE?

The extension means that the Safe Concordia will remain operational in the Gulf of Mexico for an additional four months, which strengthens Prosafe’s position in the accommodation vessel market.

What is the total value of the contract extension?

The total value of the four-month extension is approximately USD 13.14 million.

Who can I contact for more information about Prosafe SE?

For more information, you can contact Terje Askvig, CEO at +47 952 03 886, or Reese McNeel, CFO at +47 415 08 186.

What is Prosafe SE known for?

Prosafe SE is known for being a leading owner and operator of semi-submersible accommodation vessels, providing essential services to the offshore sector.

What is the significance of this charter extension?

This charter extension not only reflects the growing demand for offshore accommodation but also enhances Prosafe SE’s operational capabilities and financial outlook.

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