Accommodation rig MSV REGALIA option exercised

Monday 8. februar 2010 12:15

NORWAY: BP Norge AS has exercised the six-month option with commencement January 2011 for the continued use of the "MSV Regalia" accommodation support rig at the Valhall offshore facility in the Norwegian sector of the North Sea.

The value of the exercised option period is USD 43.9 million.

In addition, Prosafe has granted a four-month option, commencing July 2011 if exercised, and an additional two-month option.

About:

Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 232.2 million in 2008. The company operates globally, employs approx. 400 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.

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