Prosafe Secures Contract for Safe Caledonia Rig, Offshore UK

Prosafe has been awarded a contract by BG International Limited for the provision of the Safe Caledonia accommodation rig for the North Everest project in the North Sea.

This project will commence immediately after the completion of the BG Armada project with the rig thereafter being on hire to BG International Limited until 17th March 2012. In addition Prosafe has granted two additional one-week options.

Total value of the contract for the utilisation period (excluding options) is circa USD 21 million.

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Source: Prosafe, July 8, 2011;