Prosafe awarded contract for Regalia

Contracts, Tenders and Rates - January 4, 2008

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Prosafe has been awarded a contract by Aker Kværner Offshore Partner AS for the provision of the MSV Regalia accommodation and construction support rig at the TOTAL E&P UK operated platform MCP-01 in the British sector of the North Sea.

This contract confirms the Letter Of Intent (LOI) which was signed between Prosafe and Aker Kværner Offshore Partners in March 2007, originally for a firm period of seven months with an additional one month option.

The agreed contract calls for a firm utilisation period of nine months and three weeks with an additional three weeks option.

MSV Regalia will commence on-site operations in January 2008, and the total value of the contract - excluding the option period - is about US$63 million. 

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