Prosafe SE Signs Contract for Safe Boreas Operations
In a previous announcement, Prosafe disclosed the awarding of a Conditional Letter of Intent for gangway connected operations to support a project off the coast for a defined period, which includes options.
Contract Details
Prosafe is pleased to inform that the contract has now been officially signed. The Safe Boreas will mobilize from the North Sea within a designated timeframe and will undergo its five-yearly special periodic survey along with necessary maintenance before the contract begins.
Contract Value
The estimated total value of the contract is approximately USD 75 million to USD 100 million, depending on the options that are exercised.
Company Commitment and Performance
Terje Askvig, the CEO of Prosafe, commented: “The formalization of this contract is the result of close and positive collaboration. We are confident that the Safe Boreas will once again deliver industry-leading operational performance and safety.”
Company Contact Information
For more information, please reach out to:
Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186
About Prosafe
Prosafe is a prominent owner and operator of semi-submersible accommodation vessels. The company is publicly traded on the Oslo Stock Exchange, where its ticker code is PRS.
Frequently Asked Questions
What is the significance of the Safe Boreas contract?
This contract reinforces Prosafe's dedication to providing operational support for a project, thereby enhancing its presence in the market.
When will the Safe Boreas commence operations?
The Safe Boreas is set to mobilize from the North Sea before starting contracted operations after completing the necessary surveys and maintenance.
What is the estimated value of the Safe Boreas contract?
The contract's value is projected to be between USD 75 million and USD 100 million, based on the options chosen by the client.
Who is Prosafe's CEO?
Terje Askvig is the CEO of Prosafe, responsible for overseeing the company's operational and strategic initiatives.
Where is Prosafe listed?
Prosafe is listed on the Oslo Stock Exchange with the ticker code PRS.