Prosafe SE's Fleet Utilization: A Record 100%
Prosafe SE has recently achieved a remarkable milestone in fleet utilization, reaching a perfect 100% for October 2025. This accomplishment highlights the company's unwavering commitment to operational excellence.
Exceptional Performance in Brazil
Throughout October, vessels including Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in Brazil. They achieved nearly 100% commercial uptime, reflecting Prosafe's focus on providing reliable offshore accommodation solutions.
Safe Caledonia's Continued Success
Safe Caledonia also demonstrated its capabilities by maintaining 100% commercial uptime at the Captain Field in the UK. Ithaca Energy has exercised a total of nine weeks of options extending the vessel's work into early February 2026, with still three weeks of options available. This contract extension signals strong confidence in the unit, especially during demanding winter conditions in the North Sea.
Future Contracts and Expectations
Looking ahead, Safe Boreas is set to stand by for a significant 15-month contract in Australia, with a start-up window set between December 10 and December 15, 2025. This contract comes with an additional six months of options, further emphasizing Prosafe's strategic planning and foresight in securing long-term employment for its fleet.
CEO's Insights on Fleet Performance
Reese McNeel, CEO of Prosafe, expressed his pride in the fleet's performance: "The Prosafe fleet continues to deliver a strong performance with all units maintaining high gangway uptime and safe operations." The recent contract extensions and robust backlog set a strong foundation for Prosafe's future activities and earnings.
Record Backlog and Strong Market Outlook
With all high-end units contracted through 2027, Prosafe boasts the highest backlog in a decade. This provides the company with excellent visibility on future activity and earnings, paving the way for optimizing its organization and cost base.
Taking Advantage of the Global Market
The current robust global accommodation market led by Brazil presents significant opportunities for Prosafe. The company is poised to secure employment not just for 2027 but for the years beyond, reflecting a proactive approach to market dynamics.
About Prosafe SE
Prosafe is regarded as a leading owner and operator of semi-submersible accommodation vessels. The company is publicly listed on the Oslo Stock Exchange under the ticker code PRS. Its commitment to operational excellence positions it well for sustainable growth in the offshore sector.
Contact Information
For any further inquiries, please reach out to:
Reese McNeel, CEO
Phone: +47 415 08 186
Frequently Asked Questions
What is the recent fleet utilization rate for Prosafe SE?
Prosafe SE achieved a fleet utilization rate of 100% for October 2025.
Which vessels performed well in Brazil?
The vessels Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in Brazil, delivering nearly 100% commercial uptime.
What contract extensions does Safe Caledonia have?
Safe Caledonia has an extended work schedule with Ithaca Energy into early February 2026, with additional weeks of options available.
What are Prosafe's future plans in Australia?
Safe Boreas is preparing for a 15-month firm contract in Australia, which is set to begin in December 2025.
How is the overall market outlook for Prosafe SE?
Prosafe SE enjoys a strong market outlook with the highest backlog in ten years and good visibility on future earnings and activity.
