Prosafe clinches $443 mn Statoil contract


Prosafe clinches $443 mn Statoil contract

LARNACA, Cyprus -- Prosafe has signed a contract with Statoil Petroleum for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support vessel (TSV) operations at the Oseberg Ost installation on the Norwegian continental shelf.

The three-year firm period on site operations commencement is subject to existing contractual obligations with Statoil at the Snorre installation, and the temporary TSV conversion works commencing within Q1 2015. Such commencement date is targeted for June 2015. In addition, Prosafe has granted Statoil four additional one-year options.

Total value of the firm contract period is approximately $443 million, with the value of the options totalling approximately $479 million.

Prosafe is responsible for the provision of mud services to the Oseberg Ost installation together with all marine operations of the TSV. The Safe Scandinavia will continue to perform accommodation duties to support the installation via a telescopic gangway, affording the maximum flexibility to Statoil.

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