Prosafe SE: Correction - Operational update for Q4 2013
Utilisation in the fourth quarter of 2013 was 82 per cent (corrected). Safe
Caledonia, Safe Concordia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia
and Safe Regency were in full operation throughout the quarter.
Safe Concordia was on contract in Brazil and the average effective day rate in
the quarter was approximately USD 141 000.
Safe Caledonia continued operation for BP in the North Sea during the quarter.
Safe Scandinavia completed the contract with ConocoPhillips UK on 12 November
and is currently undertaking a life extension refurbishment and five-year
special period survey (SPS) at the Remontowa yard in Gdansk in Poland, before
commencing a contract with Statoil in Norway.
Regalia completed operations for Shell on 24 November. The vessel is currently
at Keppel Verolme in the Netherlands for refurbishment work and a five-year SPS
before commencing a contract with Statoil in Norway.
Safe Bristolia was in full operation for Elf Exploration in UK until 20
December. She is scheduled to commence the next contract in April 2014.
Safe Astoria remained at the yard in Batam until 26 December, when she started
mobilising for a contract with Swiber in Indonesia. The vessel earned
mobilisation day rate until operations commenced on 5 January 2014.
In 2013, Prosafe had over 1 million exposure hours and zero lost time injuries.
The company also showed positive development on other HSE measures.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 222.4 million in 2012 and
net profit was USD 177.5 million. The Company operates globally, employs 570
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
Larnaca, 24 January 2013
Georgina Georgiou, General Manager
For further information, please contact:
Sven BÃ¸rre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Phone: +47 51 64 25 20
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Prosafe SE via GlobeNewswire