Prosafe Offers Update on Existing Rig Contracts

Monday, June 30, 2003
Norsk Hydro has exercised one of four seven-day options for the use of the MSV Regalia on the Fram field in the North Sea. The extension runs for 7 days after the fixed contract period which ends 30th July 2003. The value of the option is ca NOK 7,1 million. Prosafe also wants to confirm that the Safe Caledonia is now gangway connected at the Bayu-Undan field offshore Australia, ready to commence its 10-month contract for ConocoPhillips as from 1st July 2003 through to the end of April 2004. ConocoPhillips retain two one-month options that may be exercised by February 2004. The vessel has been on standby-dayrate since 21st May 2003. With reference to the press release dated 30th April 2003 regarding the five long-term bareboat contracts in Mexico, Prosafe informs that the upgrade of the Safe Regency has been commenced already in early June instead of in the third quarter as initially announced. The planned total offhire remains two to three months before the long-term bareboat contract commences, and thus represents a timing difference between the second and third quarter. The Safe Britannia and Safe Lancia, of which the latter came off contract for upgrade on 27th June, will be upgraded during the third quarter, as previously announced. The Safe Scandinavia, which is currently on a 152-day charter for Norsk Hydro on the Grane Field in the North Sea, commenced eight days late due to weather affecting the mobilisation. The delay is a timing difference and does not affect the duration of the fixed contract period.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Mexico to Postpone Deep Water Auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production

Oregon Bridge Danglers Hope to Delay Shell's Arctic Drilling

Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

 
 
Maritime Security Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1984 sec (5 req/sec)