Prosafe Signs $443M, 3-Yr Rig Deal in Norway

Reuters

OSLO, March 17 (Reuters) – Offshore accommodation rig provider Prosafe signed a letter of intent to provide its Safe Scandinavia vessel for three years of work in Norway from next summer, it said on Monday.

On site operations are planned to start in June 2015, it said, and the customer, an undisclosed oil major, was also granted four additional one-year options.

The total value of the firm contract period is approximately $443 million, with the value of the options totalling approximately $479 million, it said.
    
(Reporting by Balazs Koranyi)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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