Prosafe Inks Buzzard LOI with Nexen for $61M

Prosafe has been awarded a Letter of Intent (LOI) by Nexen Petroleum U.K. Limited for the provision of the Safe Bristolia accommodation support rig at the Buzzard offshore facility in the UK sector of the North Sea.

The firm duration of the contract linked to the LoI commencing April 2010 is six months. Total value of the contract linked to the LoI is about USD 61 million.


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