Prosafe CEO: Aware of North Sea Rig Security Alert

OSLO Feb. 10, 2008 (Dow Jones Newswire)

The owner of a North Sea accommodation unit currently at the center of a security alert said Sunday he was aware of the incident, but said he couldn't comment on the specifics.

Prosafe (PRS.OS) CEO Arne Austreid said the Safe Scandinavia, 115 miles off the coast of Aberdeen, Scotland, was leased to ConocoPhillips (COP) and operated by Britannia Operators Ltd., which is a joint venture between Chevron (CVX) and ConocoPhillips (COP).

When asked if the company would carry out a review of security at its other installations in light of the alert, Austreid said security was always being reviewed and he didn't see any reason to do anything more at this stage.

More than 500 people are currently being evacuated from the Safe Scandinavia accommodation rig as part of a security alert prompted by a call from the rig to the Aberdeen coast guard earlier Sunday at 0920 GMT.

RAF Kinloss Squadron Leader Barry Nealson said told the BBC the alert was apparently triggered by a woman on the platform. He couldn't provide further detail. Sky News reported a bomb disposal squad was on its way to the site, but there was no official confirmation a device was on board.

The police-led security operation has involved 14 helicopters. The staff were being transferred to another facility, Nealson said.

The Safe Scandinavia was built by Aker ASA (AKER.OS) in 1984 and upgraded in 2003.

Copyright (c) 2007 Dow Jones & Company, Inc.