Prosafe Extends Safe Concordia Contract in US Gulf



Prosafe has extended an existing contract with an undisclosed client for the provision of the dynamically positioned accommodation/service rig Safe Concordia. The contract includes an additional firm period of 150 days, commencing third quarter 2008.

The total value of the contract is about US$58 million. This contract demonstrates the positive trend in the market for offshore accommodation units and the suitability of DP semi-submersible vessels in deepwater locations.

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