Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Prosafe awarded Johan Sverdrup contract

    Contracts, Tenders and Rates // April 26, 2017

    Statoil Petroleum has awarded Prosafe a contract for the provision of the Safe Zephyrus semi-submersible accommodation vessel for Phase 1 of the Johan Sverdrup hook-up and commissioning project in the Norwegian sector of the North Sea.

    The contract duration will be one of three scenarios available to Statoil for nomination in early August 2017:either a 12 month firm period from late Q2 2018, or a 12 month firm period from late Q3 2018 with four months of options, or lastly five months firm from late Q2 2018 plus six months of options and four months firm from Q2 2019 plus 4 months of options.

    The value of the contract firm period will be between US$51 million and US$53 million including fuel, mobilisation and demobilisation depending on the scenario nominated. Revenue generated from the provision of catering services is in excess of the total value.

    The contract will provide longevity of operations for the Safe Zephyrus and generate a firm cash flow in a soft market.

    More articles from this category

    More news