Cyprus: Prosafe Announces Rig Utilisation of 61 pct for 1Q 2011

Rig utilisation in the first quarter of 2011 was 61 per cent. Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the first quarter.

MSV Regalia(photo) operated for BP at Valhall on the Norwegian Continental Shelf from mid March.

Safe Scandinavia operated for BP at Valhall on the Norwegian Continental Shelf until mid March.

Safe Caledonia commenced operation for BG on the UK Continental Shelf in the beginning of March.

Safe Astoria and Safe Bristolia were idle in the first quarter.

MSV Regalia, Safe Scandinavia and Safe Caledonia have carried out parts of their annual maintenance work in the first quarter. Safe Bristolia has undertaken a five year Special Periodic Survey (SPS) during the first quarter.

In the first quarter, Safe Concordia was mobilizing to Brazil and arrived in Rio de Janeiro on 10 April. The rig will go through the necessary approval process and is expected to commence on contract with Petrobras in the near future.

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Source: Prosafe , April 15, 2011