Safe Concordia; Source: Prosafe

Prosafe participates in three tenders to get more assignments for its vessels

Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels.

Safe Concordia; Source: Prosafe

As the recent Petrobras tender for 450 days was cancelled, Prosafe is currently not participating in any Petrobras tenders, however, the company is engaged in three tenders. The first of these is in the UK North Sea and comes with a five-month firm duration while including a two-month option. If the firm wins this assignment, which is expected to start in 2024, the job will be carried out with a semi-submersible vessel.

The second ongoing tender is for a firm duration of three months plus a one-month option. This tender is also for operations in the UK during 2024 and will entail a semi-submersible unit. The work for the third tender, which is also expected to start in 2025, has a firm duration of three months with additional two months of extension options. This job, which a semi-submersible unit would undertake, will be done in North America.

In addition, Prosafe expects an additional one to three tenders and/or direct awards in the North Sea for 2024, as well as additional opportunities for 2025. Meanwhile, Petrobras may also announce new tenders in 2023.

What are Prosafe’s vessels up to?

The company explains that Safe Zephyrus has arrived in Brazil and preparations are ongoing for the start of the contract with Petrobras on 1 May 2023. The signing of the deal for this vessel was revealed in December 2022. The contract is for a firm period of 650 days and is worth around $73 million, equivalent to $112,500 per day. Previously, the company confirmed that Safe Zephyrus completed its contract with BP at ETAP in the UK North Sea on 21 December 2022.

Moreover, Safe Eurus started its new four-year contract with Petrobras on 17 February 2023, following directly from the expiry of the previous contract. The vessel was expected to be off-hire for approximately 35 days in April/May 2023, however, the off-hire period has now been moved to 1Q 2024. Petrobras contract compliance works, hull cleaning and SPS will now be conducted then. As a reminder, the vessel was awarded a four-year contract with Petrobras in May 2022 with a planned start-up in 1Q 2023.

On the other hand, Safe Notos is expected to be off-hire for approximately 30 days in May 2023 for Petrobras contract compliance works and hull cleaning. The vessel started a new four-year contract with Petrobras on 18 July 2022 in direct continuation of the previous contract.

Four vessels still laid up

Prosafe explains that Safe Concordia is laid up in Curaçao, where ramp-up and mobilisation works have started for the upcoming project in the U.S. Gulf of Mexico. The start window is currently July through September 2023 while a standby rate of $28,000 per day has been agreed for the period from 1 August until the latest start date of 30 September.

Additionally, the Safe Caledonia unit is laid up at Scapa Flow in the UK pending future work, after completing its contact with TotalEnergies at the Elgin platform in the UK on 2 December 2022. Two more vessels are currently laid up in Norway. These are Safe Boreas, which is laid up pending future work, and Safe Scandinavia, which is being marketed broadly, according to Prosafe.