Second Contract Extension for Safe Astoria (Australia)

Woodside Energy Ltd has exercised the second of two 30-day options, thereby extending Safe Astoria’s operations at the North Rankin Redevelopment Project until 30th December 2012.

The value of the exercised option is approximately USD 5.7 million.

Prosafe is an 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.

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Prosafe, November 8, 2012