Prosafe Bags North Sea Contract

Prosafe has been awarded a contract by BG International (CNS) for the provision of the Safe Caledonia accommodation rig for the Gaupe and other projects in the North Sea.

The firm period of the contract is 9 months with on site operations planned to commence March 2011. In addition Prosafe has granted four additional two-week options.

Total value of the contract for the firm term is about USD 56 million.