Prosafe Secures Contract for Safe Caledonia in North Sea

Prosafe has been awarded a contract by Nexen Petroleum U.K. Limited (“Nexen”) for a 240-day firm period using the Safe Caledonia for accommodation support at the Golden Eagle facility in the UK sector of the North Sea.

Subject to the Golden Eagle development receiving regulatory approval, on site operations are planned to commence between May and July 2014. In addition, Prosafe has granted Nexen one additional 30-day option.

Total value of the contract for the firm period is about USD 74 million.

Source:Prosafe ,September 14, 2011;