Prosafe SE Secures Petrobras Contract for Safe Notos Vessel

Author: Addison Perry Updated: 05-12-2025 01:15 AM

Prosafe SE Wins Major Petrobras Contract for Safe Notos

In a significant development, Prosafe SE has been awarded a lucrative contract from Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel. This contract is designed to provide essential safety and maintenance support in offshore operations, marking an important milestone for Prosafe.

Details of the Contract

The contract entails a four-year commitment, with operations slated to commence in September 2026. This timeline comes just after the current contract for the Safe Notos, which began in the third quarter of 2022, is set to expire. The contract's total estimated value is approximately USD 204 million.

The Safe Notos Vessel

The Safe Notos is a highly advanced Dynamically Positioned (DP3) semi-submersible safety and maintenance support vessel. It is uniquely equipped to handle operations in challenging environments, accommodating up to 500 personnel. The vessel features extensive recreational facilities, a large deck space, robust crane capacity, and a telescopic gangway to enhance operational efficiency.

Statements from Prosafe Leadership

Terje Askvig, the CEO of Prosafe, expressed enthusiasm about winning the tender process, stating, “The tender process with Petrobras resulted in the Safe Notos being best placed, and after a qualification and negotiation phase, we are very pleased to be declared the winner. The Safe Notos is one of the best performing UMS vessels for Petrobras, consistently delivering safe and reliable operations. The contract, if awarded, demonstrates that the market is strong in Brazil, with charter rates significantly increasing from those in the recent past.”

Future Prospects for Prosafe SE

As Prosafe continues to be a leading provider of UMS vessels in Brazil, they have established a strong foundation to grow their market share. This success comes as a result of their unwavering commitment to exceptional service delivery, a valued partnership with Petrobras, and the technological capabilities of their vessels, which meet rigorous regulatory standards and operational requirements.

Contact Information

For additional information regarding the Prosafe SE and the recent contract award, interested parties can reach out to the following:

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 Petrobras contract for Prosafe SE?

The Petrobras contract is a major win for Prosafe SE, affirming their leading role in providing safety support in offshore operations.

When will operations for the Safe Notos vessel begin?

Operations for the Safe Notos vessel are set to commence in September 2026, following the end of the current contract.

What is the estimated value of the contract?

The total estimated value of the contract is approximately USD 204 million.

How many personnel can the Safe Notos accommodate?

The Safe Notos is capable of accommodating up to 500 personnel.

Who can be contacted for more information about this contract?

For more details, Terje Askvig, CEO, and Reese McNeel, CFO, can be contacted directly via the provided phone numbers.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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