Prosafe has been awarded a Letter of Intent by Interpetroleum Services Limited for a bareboat contract for the Safe Bristolia, and contract extensions for the Jasminia and Safe Hibernia. The three rigs are going to be used at Pemex’s Cantarell field in Mexico.
The Safe Bristolia bareboat contract commences mid-May 2011 and ends around end-March 2013. Mobilisation and demobilization costs to and from the North Sea are for charterer’s account. The total value is about US $45.3 million.
The Jasminia bareboat contract is extended by 572 days, through to end-December 2012. The value of the extension is about US $25.7 million. The extension of the Safe Hibernia bareboat contract is 219 days, through to mid-December 2011, and has a value of about US $11.6 million.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached US $221.1 million in 2010. The company operates globally, employs 500 people and is headquartered in Larnaca, Cyprus.