Prosafe SE : Contract extension for Regalia at Yme

Reference is made to press releases published on 8 March 2011 and 28 June 2011.
Talisman Energy Norge AS has extended the contract for the Regalia at the Yme field until end August 2012.



The extension of 198 days has a gross value of USD 57.4 million, bringing the total contract value up to USD 91.4 million. Consequently, the contract with Talisman Energy (UK) Limited for the provision of Regalia in the UK North Sea in 2012 has been terminated.



For contract and day rate details, please refer to Prosafe's website: http://www.prosafe.com/category.php?categoryID=482  



Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. OpeRating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 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, 13 February 2012

Georgina Georgiou, General Manager

Prosafe SE





For further information, please contact:



Karl Ronny Klungtvedt, Chief Executive Officer

Prosafe Management AS

Phone: + 47 51 64 25 81



Sven Børre Larsen, Chief Financial Officer

Prosafe Management AS

Phone: +47 51 64 25 30



Cecilie Helland Ouff, Finance and IR Manager

Prosafe AS

Phone: +47 51 64 25 20

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.