Prosafe SE: Update on Brazil tender

Prosafe SE: Update on Brazil tender

11 May 2022 14:04 CEST

Prosafe has been declared the winner of a bidding process for a four-year
contract by Petróleo Brasileiro SA ('Petrobras') for the provision of the Safe
Eurus semi-submersible vessel for safety and maintenance support offshore
Brazil. However, a potential contract award and timing of the contract award are
subject to a formal process during which other bidders may appeal within the
next week.

A contract, if awarded, has a firm period commitment of four years and the
commencement is in Q1/Q2 2023 following on from the expiry of her current
contract.

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.

Total value of the contract associated with the bidding process is approximately
USD 126 million.

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, 11 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

More information:
Access the news on Oslo Bors NewsWeb site

Source

Prosafe SE

Provider

Oslo Børs Newspoint