Prosafe SE: Safe Eurus contract award from Petrobras

Prosafe SE: Safe Eurus contract award from Petrobras

25 May 2022 10:33 CEST

Prosafe has been awarded a contract by Petróleo Brasileiro SA ('Petrobras') for
the provision of the Safe Eurus semi-submersible vessel for safety and
maintenance support offshore Brazil.

Similar to the recently announced Safe Notos contract award, the award has a
firm period commitment of four (4) years and the commencement is end-March 2023
following on from the expiry of her current contract that commenced in October
2019. The total value of the contract is approximately USD 126 million.

The Safe Eurus is a technologically advanced and efficient Dynamically
Positioned (DP3) semi-submersible safety and maintenance support vessel, capable
of operating in harsh environments. The Safe Eurus can accommodate up to 500
persons, has extensive recreation facilities and a large capacity open deck area
and telescopic gangway. When operating the vessel, Prosafe will have strong
focus on reducing emissions through innovative energy performance monitoring and
associated fuel consumption reduction.

Jesper Kragh Andresen, CEO of Prosafe says: "This award from Petrobras for the
Safe Eurus comes in close succession to that recently announced for the Safe
Notos. Ensuring high vessel utilisation for Prosafe in Brazil creates a robust
platform to expand the regional fleet when opportunities materialise through the
global agreement reached with COSCO Shipping for the Safe Nova and Safe Vega."

Prosafe is a leading owner and operator of semi-submersible accommodation
vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
For more information, please refer to https://www.prosafe.com

Stavanger, 25 May 2022
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Robin Laird, Director of Investor and Lender Relations
Phone: +65 81 27 21 01

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

More information:
Access the news on Oslo Bors NewsWeb site

Source

Prosafe SE

Provider

Oslo Børs Newspoint