Cyprus: Prosafe Announces Rig Utilisation Update for Q4 2010

Rig utilisation in the fourth quarter of 2010 was 61 per cent. MSV Regalia(image) operated for BP at Valhall in Norway until 23 November. Safe Scandinavia operated for Statoil in Norway until the end of October.

Before replacing MSV Regalia, Safe Scandinavia adjusted the gangway to correspond to the landing platform height at Valhall. Safe Scandinavia commenced operation for BP at Valhall on 21 November.

Safe Concordia, Safe Astoria, Safe Bristolia and Safe Caledonia were idle in the fourth quarter.

Safe Scandinavia, MSV Regalia, Safe Bristolia and Safe Caledonia have carried out parts of their annual maintenance work in the fourth quarter.

Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the fourth quarter.

The rig utilisation for the year 2010 was 75 per cent.


Source: Prosafe, January  17, 2011;