The contract is for a firm one-year period with a one-year option. The value of the firm period including mobilization and demobilization is US $52.1 million.
Prosafe has secured a rig utilization of about 93% in 2006. Long-term market prospects for accommodation and service rigs are positive, and the business division has already now secured a fleet utilization of about 80% in 2007 and about 41% in 2008.
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