Prosafe has been awarded a Letter of Interim Agreement ("LOIA") by Talisman
Energy (UK) Limited for the provision of the MSV Regalia accommodation support
rig at the Auk South Redevelopment Project in the British sector of the North
Sea.
The firm period of the contract linked to the LOIA is six (6) months with on
site operations planned to commence in 2012. Total value of the contract firm
period is about USD 43 million.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 221.1 million in 2010.
The company operates globally, employs 430 people and is headquartered in
Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code
PRS. For more information, please refer to www.prosafe.com.
Larnaca, 8 March 2011
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81 / +47 908 81Â 657
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30 / +47Â 909 43 673
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47Â 991 09 467
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Prosafe SE via Thomson Reuters ONE
[HUG#1495350]
