BP Norge AS has exercised the six-month option with commencement January 2011 for the continued use of the MSV Regalia accommodation support rig at the Valhall offshore facility in the Norwegian sector of the North Sea. The value of the exercised option period is USD 43.9 million.
In addition, Prosafe has granted a four-month option, commencing July 2011 if exercised, and an additional two-month option.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 232.2 million in 2008. The company operates globally, employs approx. 400 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 8 February 2010
For further information, please contact:
Arne Austreid, President and CEO
Phone: +357 992 75 030
Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 51 64 25 81 / +47 908 81 657