Prosafe Snags Bareboat Contract in Mexico

Prosafe has been awarded a Letter of Intent by Interpetroleum Services Limited ("charterer") for a bareboat contract for the Safe Bristolia, and contract extensions for the Jasminia and Safe Hibernia. The three rigs are going to be used at Pemex' Cantarell field in Mexico.

The Safe Bristolia bareboat contract commences mid-May 2011 and ends around end-March 2013. Mobilization and demobilization costs to and from the North Sea are for charterer's account. The total value is about USD 45.3 million.

The Jasminia bareboat contract is extended by 572 days, through to end-December 2012. The value of the extension is about USD 25.7 million. The extension of the Safe Hibernia bareboat contract is 219 days, through to mid-December 2011, and has a value of about USD 11.6 million.


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