Prosafe: Contract value for ‘Safe Bristolia’ slashed

Prosafe, a Cyprus-based owner of offshore accommodation rigs, has informed that the contract value for its accommodation rig Safe Bristolia has been reduced. 

Safe Bristolia sustained damage to lifeboats after experiencing bad weather during work at the Everest field in UK in October 2014. Operations were suspended and the vessel was brought to the Hanøytangen shipyard in Norway for repair work.

Therefore, Prosafe and BG Group have agreed to re-phase the Safe Bristolia accommodation support vessel 2015 work programme at the Everest platform with a shorter 2015 period and the addition of a new 2016 duration.

According to Prosafe, operations at BG Group’s Everest platform in the North Sea are scheduled to start in June 2015 for a firm period of four months. Thereafter, from mid-May 2016, the Safe Bristolia will return to the Everest platform for two months. In addition and in relation to the new 2016 duration, Prosafe has granted BG Group two additional fifteen-day options.

As a result of the re-phased firm period work programme in 2015 and 2016, the total value of the contract has been reduced from $68 million to approximately $40 million.

Safe Bristolia was converted to a service/accommodation vessel at Yantai Raffles Shipyard in China in 2006. In 2007/2008 it underwent further refit and modification work to qualify it for work in the UK North Sea. The flotel offers accommodation for 316 (UKCS) to 587 persons.

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