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Prosafe SE (OSL:PRS) Prosafe has been awarded a Letter of Intent by Interpetroleum Services Limited for an extension of the bareboat contract of the semi-submersible accommodation rig Jasminia in the Cantarell field for Pemex in Mexico.
The firm duration of the contract extension commencing mid-February 2009 is 685 days, and the contract runs now until end of December 2010. The total value of the firm bareboat contract is about USD 33 million.
In addition, there are mutually agreeable extensions with a duration of up to six months each. If all extensions are agreed, the contract will run until mid-February 2013.
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, 6 November 2008 Prosafe SE
For further information, please contact:
Arne Austreid, President and CEO Phone no: +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO Phone no: +357 996 88 169
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