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Prosafe SE (OSL:PRS) Rig utilisation in the third quarter of 2008 was 93 per cent, compared to 87 per cent and 99 per cent for the first and the second quarter of 2008, respectively.
In the third quarter, Safe Bristolia operated for ConocoPhillips in the UK North Sea until the first week of September. Safe Concordia started operation in the US Gulf for ChevronTexaco according to plan 15 August. MSV Regalia operated for Aker Solutions in the UK North Sea. Due to a gangway disconnection, MSV Regalia had nine days of operational downtime in the beginning of July.
All other vessels have been fully utilised in the third quarter.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 430 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 October 2008 Prosafe SE
For further information, please contact:
Arne Austreid, President and CEO Phone no: +357 246 21 746 / +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO Phone no: +357 2462 1982 / +357 996 88 169
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