The contract has a fixed duration of five months, with start-up in the second or third quarter of 2006. The client has in addition a one-month option.
The total contract value is about US $21 million, including mobilization and demobilization.
Following this award, Prosafe has secured a fleet utilization of approximately 89% in 2004, 77% in 2005, 72% in 2006, 62.5% in 2007 and 30% in 2008. The company maintains its positive view on the market for modern accommodation/service vessels for the coming years both in the North Sea and internationally.
Most Popular Articles