Prosafe has been awarded two separate contracts by Statoil Petroleum AS (Statoil) using the Safe Scandinavia and Regalia, the company reported.
The Safe Scandinavia will be used for accommodation support at Snorre A in the Norwegian sector of the North Sea for a nine-month firm period. On site operations are planned to commence within March 2014. In addition, Prosafe has granted Statoil an additional three-month option. Statoil has the ability to extend the firm period to 16 months on or before end June 2012.
Total value of the nine-month firm period for the Safe Scandinavia is around US$76.6 million. If the firm period is extended to 16 months, the total value will be around US$132.8 million.
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