Prosafe SE Signs Contract for Safe Boreas Operations
Prosafe SE Signs Contract for Safe Boreas Operations
Reference is made to a previous announcement where Prosafe revealed the award of a Conditional Letter of Intent for the provision of gangway connected operations to support a project off the coast for a firm period, including options.
Contract Details
Prosafe now advises that the contract has been officially signed. The Safe Boreas will mobilise from the North Sea within a specified timeframe and will undergo its five-yearly special periodic survey and necessary maintenance works prior to the contract commencement.
Contract Value
The total value of the contract is estimated to be approximately USD 75 million to USD 100 million, contingent on the exercised options.
Company Commitment and Performance
Terje Askvig, CEO of Prosafe, states: “Formalising this contract has been a result of close and positive collaboration. Prosafe is confident that the Safe Boreas will deliver industry-leading operational performance and safety once again.”
Company Contact Information
For further information, please contact:
Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186
About Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
Frequently Asked Questions
What is the significance of the Safe Boreas contract?
The contract solidifies Prosafe's commitment to providing operational support for a project, enhancing its market presence.
When will the Safe Boreas commence operations?
The Safe Boreas is scheduled to mobilize from the North Sea before commencing contracted operations following necessary surveys and maintenance.
What is the estimated value of the Safe Boreas contract?
The contract value ranges from USD 75 million to USD 100 million, depending on options selected by the client.
Who is Prosafe's CEO?
Terje Askvig serves as the CEO of Prosafe, overseeing operational and strategic initiatives.
Where is Prosafe listed?
Prosafe is listed on the Oslo Stock Exchange under the ticker code PRS.
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