Singapore Shipyard to Get Accommodation Rig Contract

Press Release
Monday, October 08, 2012

Norway's Prosafe (HQ in Cyprus) issues a 'Letter of Intent' for Jurong Shipyard to build a semi-submersible accommodation rig.

The rig, which is of similar design as Safe Boreas presently in construction at JSPL, will be built to comply with Norwegian regulations. The rig will be ready for operations in the North Sea in 2015 (exact delivery date to be determined in the final yard contract).

In addition, JSPL has, subject to board approval, granted two options for further new builds, meaning that Prosafe now in total has options for three new builds at JSPL. The additional two options can be designed for either the Norwegian Continental Shelf or for world-wide operations outside of Norway.

Prosafe is a leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached US$192.3-million in 2011.

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