Prosafe has been awarded a contract extension by Petrobras Netherlands B.V. (Petrobras) for the provision of the Safe Concordia semi-submersible vessel for safety and maintenance support offshore Brazil.
The firm period of the contract extension is three years and commences in June 2014, immediately following expiry of the existing contract firm period.
Total value of the contract extension is approximately USD 179 million.
The award of this contract extension demonstrates the continued long-term demand for safety and maintenance support services within Brazil.
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The company operates globally, employs 570 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.
