North Sea offshore contract for Prosafe

Source: Prosafe

Prosafe has signed a contract with BP Exploration Operating Company Limited (‘BP’) for the use of Safe Caledonia conducting accommodation support at the Andrew Area Development Project in the UK sector of the North Sea.

On site operations are planned to commence end-2012, with a firm period through to end-August 2013. In addition, Prosafe has granted BP a one-month option.

Total value of the firm period will be around USD 65.4 million.

For the most up to date and in-depth information on the offshore oil & gas market visit PennEnergy's comprehensive Research area to access industry focused Reports.


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