Equinor Extends Prosafe Deal

Semi-submersible firm Prosafe said that it has been offered a month extension for the Safe Boreas charter contract at the Mariner project by operator Equinor.

"Equinor UK Limited (formerly Statoil (UK) Limited) has exercised the first of six one-month options to extend the charter of the Safe Boreas. The total value of the option is USD 6 million," said a press statement.

In early August 2017, the Safe Boreas commenced a 13 month firm operational period at Mariner in the UK sector of the North Sea. The firm operational period will now continue through to early October 2018.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS.

A week ago, Prosafe has been awarded a contract by MODEC Serviços de Petróleo do Brasil Ltda (MODEC) for the provision of the Safe Concordia semi-submersible accommodation vessel to support specific MODEC FPSO operations in Brazil.

The firm duration of the contract commencing September 2018 is 200 days with a 15 day option.
 
The contract value - which is not revealed - includes mobilization and demobilization.
 
Jesper Kragh Andresen, Prosafe CEO says: “Prosafe is very pleased with this contract, as it marks the re-entrance of Safe Concordia in Brazilian waters. We have a good track-record of providing gangway connected accommodation services to both spread and turret moored FPSOs, and we will endeavour to offer the best possible services to MODEC, which we consider to be an important customer with significant potential future demand going forward.”