Prosafe: Excellent Safety Record on FPSOs/FSOs During 2003

Prosafe Production has demonstrated that the zero mindset is realistic by recording no lost time injuries on any of its six FPSOs/FSOs during 2003, nor any accidental discharges to the sea. These significant achievements are the result of hard and focused HSE work.

This month, we reached another milestone. Abo FPSO has now been operating 365 days without a lost time injury at the Abo field offshore Nigeria for Agip.

"Safety" and "the environment" are two of Prosafe's core values. We believe in the zero mindset - in other words, that active preventive efforts will allow our business to be pursued without negative consequences for human life and health, the natural environment or material assets. In order to achieve the zero mindset, we follow up health, safety and the environment (HSE) at all levels in the company, and HSE is strongly emphasized in organizational and management development processes.

Prosafe Production's excellent HSE results confirm that we are on the right track. We will continue to focus on the continuous improvement of our safety records, and never settle for "good enough".