Prosafe SE

05/04/2022 | Press release | Distributed by Public on 05/04/2022 01:35

Prosafe SE: Four-year contract awarded from Petrobras for Safe Notos in Brazil

Tid04.05.2022, 07:33:58
MeldingsID561034
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Prosafe SE: Four-year contract awarded from Petrobras for Safe Notos in Brazil

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

The contract linked to the award has a firm period commitment of four (4) years
and the commencement is in Q3/Q4 2022 following on from the expiry of her
current mutually extended three-year contract that commenced in Q4 2016. The
total value of the contract is approximately USD 110 million.

The Safe Notos is a technologically advanced and efficient Dynamically
Positioned (DP3) semi-submersible safety and maintenance support vessel, capable
of operating in harsh environments. The Safe Notos 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: "Brazil remains a primary
operational region for Prosafe and it is a testament to crew, vessel and
operational management that the Safe Notos will continue to demonstrate best in
class performance into 2026."

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, 4 May 2022
Prosafe SE

For further information, please contact:

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

Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813

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