Prosafe Inks ‘Safe Scandinavia’ Contract with Statoil

Prosafe has now signed a contract with Statoil Petroleum AS for the provision of the Safe Scandinavia semi-submersible accommodation vessel temporarily converted for tender support vessel operations at the Oseberg Øst installation on the Norwegian continental shelf.

The three year firm period on site operations beginning is subject to existing contractual obligations with Statoil at the Snorre installation, and the temporary TSV conversion works starting within Q1 2015. Such commencement date is targeted for June 2015. In addition, Prosafe has granted Statoil four additional one-year options.

Total value of the firm contract period is approximately $443 million, with the value of the options totalling approximately $479 million. Prosafe is responsible for the provision of mud services to the Oseberg Øst installation together with all marine operations of the TSV. The Safe Scandinavia will continue to perform accommodation duties to support the installation via a telescopic gangway, affording the maximum flexibility to Statoil.

Prosafe is the world’s leading owner and operator of semi-submersible accommodation/service vessels. Operating profit reached  $245.1 million in 2013 and net profit was $199.1 million. The company operates globally, employs 610 people and is headquartered in Larnaca, Cyprus.

Press Release, July 02, 2014

Share this article

Follow Subsea World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

All-Energy 2019

All-Energy is the UK’s leading renewable energy and low carbon innovation event, showcasing the latest technologies and services…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >