Prosafe SE: Letter of Intent for another Norwegian sector new build
Prosafe has today entered into a Letter of Intent for the construction of a
semi-submersible accommodation rig at Jurong Shipyard Pte Ltd ("JSPL") in
Singapore. The rig, which is of similar design as Safe Boreas presently in
construction at JSPL, will be built to comply with Norwegian regulations. The
rig will be ready for operations in the North Sea in 2015 (exact delivery date
to be determined in the final yard contract).
In addition, JSPL has, subject to board approval, granted two options for
further new builds, meaning that Prosafe now in total has options for three new
builds at JSPL. The additional two options can be designed for either the
Norwegian Continental Shelf or for world-wide operations outside of Norway.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 192.3 million in 2011.
The company operates globally, employs 550 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, 4 October 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467
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 Thomson Reuters ONE
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