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    New contract for ProSafe

    Contracts, Tenders and Rates // June 29, 2001
    Safe Rigs Limited, a wholly owned subsidiary of ProSafe ASA, has been awarded a contract for provision of accommodation services in the North Sea.

    The contract, which has a fixed duration of 60 days, will commence in the second half of June 2001.

    The value of the fixed contract, which will be performed by the Safe Scandinavia, is expected to be approximately $4.3 million, excluding anchor handling and catering services. In addition, the customer has two options to extend the contract by 14 days.

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