Cyprus: Prosafe Announces 4Q 2011 Rig Utilisation

Prosafe, a Cyprus-based owner and operator of semi-submersible accommodation/service rigs has announced that its rig utilisation in the fourth quarter of 2011 was 79.8 per cent. Safe Caledonia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia have been fully utilised in the fourth quarter.

Safe Concordia was five days off hire in the quarter due to smaller modifications of the DP system.

Safe Scandinavia commenced operations at the Valhall field in October. Prior to contract start, the rig had a brief yard stay to adjust the gangway pedestal to fit with the landing height on Valhall. Together with normal mobilization procedures, this implied that the rig was out of operation for 21 days in the quarter.

Regalia commenced the contract with Talisman at the Yme field in Norway on 1 November, after completing the contract at the Valhall field in the middle of October. In total, Regalia was off hire for 11 days in the fourth quarter.

Safe Astoria and Safe Esbjerg were idle in the fourth quarter.

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Offshore Energy Today Staff, January 12, 2012: Image: Prosafe