Safe Scandinavia Awarded More Time at StatoilHydro's Sleipner

Prosafe SE

Prosafe has been awarded a Letter of Intent for the extension of operations of the Safe Scandinavia at StatoilHydro's Sleipner facility in the Norwegian continental shelf. The duration of the extension is 26 days and has a value of approximately US $9.1 million.

Accordingly, the rig will be on contract for StatoilHydro until November 26, 2008. After a short yard stay, Safe Scandinavia will thereafter commence operations at the Valhall field for BP Norway in the middle of December.