New contracts for Prosafe’s accommodation rigs

Prosafe and BG Group have agreed a change to the Safe Bristolia accommodation support vessel work programme in 2014 to allow inclusion of a contract award from ConocoPhillips Petroleum Company U.K. Limited for the provision of the vessel at the Judy platform in the U.K. sector of the North Sea.

Operations at Judy are planned to start in May for a firm period of 4 months. Thereafter, from September 2014, the Safe Bristolia will relocate to BG Group’s Everest platform for a firm period of approximately 3 months. As a result, the overall work programme for the vessel increases by 24 days and has a value of approximately USD 8.3 million.

Also, Prosafe has  secured extension for the Safe Astoria accommodation rig with Singapore’s Swiber. The contract, originally signed in December last year, has been extended by a firm period of 43 days at the same dayrate. The contract value of the extension is USD 4.7 million.

[mappress]

April 14, 2014