By the amendment, the firm period has been extended from one year to two years. The value of the two-year firm period, including mobilization and demobilization, is approximately US $104 million. In addition, Prosafe has granted a one-year option with a value of minimum US $55 million.
Long-term market prospects for accommodation and service rigs are positive, and Prosafe is, through the acquisition of Consafe Offshore, expanding capacity to serve the increasing demand.
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