Prosafe vessel staying longer in Gulf of Mexico

Offshore accommodation provider Prosafe has secured a charter extension with an undisclosed company for one of its semi-submersible vessels, which is working in the U.S. Gulf of Mexico.

Safe Concordia; Source: Prosafe

After the vessel owner got a letter of award (LOA) in September 2022 to provide accommodation and construction support using the Safe Concordia unit in the Gulf of Mexico, the contract for the work covered by the LOA was inked the following month. The vessel began the firm contract period of 330 days with up to six months of options on August 9, 2023.

According to Prosafe, the charterer of the Safe Concordia vessel has decided to exercise early the first four out of six available months of options, thus, the fixed term of the contract is now up to November 9, 2024. The total value of the extended period is approximately $12.7 million.

The 2005-built Safe Concordia is a DP2 semi-submersible ASV with 389 (461 with ALQ) beds for worldwide operations excluding Norway. The vessel was constructed at Keppel FELS shipyard in Singapore and an upgrade was completed in July 2015.

Prosafe’s fleet utilization for November 2023 was 49.5%. The firm was in high hopes at the end of December 2023 over the upcoming tendering activity for 2025 and beyond.