Prosafe vessel Safe Scandinavia awarded a LOI for offshore Norwegian TSV operations

Offshore staff

LARNACA, CyprusProsafe has been awarded a letter of intent (LOI) by an undisclosed oil major for the provision of the Safe Scandinavia semisubmersible accommodation vessel, which will be temporarily converted for tender support operations at a location on the Norwegian continental shelf.

The temporary conversion of the Safe Scandinavia into a tender support vessel (TSV) will begin 1Q 2015, and onsite operations are to begin June 2015, with a firm period of three years. In addition, Prosafe has granted four additional one-year options.

Total value of the firm contract period is $443 million, with options valued at $479 million.

03/17/2014

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