Prosafe Enters LOI with Talisman for MSV Regalia

Prosafe has been awarded a Letter of Intent ("LOI") by Talisman Energy for a 107 day contract using the MSV Regalia for accommodation support at the Yme facility in the Norwegian sector of the North Sea. On site operations are planned to commence early November 2011.

Total value of the contract for the firm period linked to the LOI is about USD 34 million.

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