Cyprus: Prosafe Announces Accommodation Rigs Utilization Report for 3Q 2010

Rig utilisation in the third quarter of 2010 was 80 per cent.

Safe Lancia was in operation in Mexico until 6 August and commenced a new contract in Mexico on 19 August.

Safe Caledonia was in operation until mid-September.

Safe Concordia and Safe Astoria were idle in the third quarter.

All other eight rigs have been fully utilised in the third quarter.

Prosafe is the world’s leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 218.6 million in 2009. The company operates globally, employs approx. 400 people and is headquartered in Larnaca, Cyprus.

[mappress]

Source:Prosafe , October 8, 2010;