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Prosafe Production Public Limited (OSL:PROD) Prosafe Production has on the 29 September 2008 been awarded 1st Prize, "Statement of Compliance", at a ceremony held by Macae Delegacy of the RJ Port Captaincy (Navy), Brazil, for its operation of the FPSO Polvo.
The award is in recognition of the FPSO Polvo being the best performing FPSO in relation to compliance with the regulations and guidelines of the Brazilian Navy - "Premio Conformidade 2007/2008".
The award was received by representatives of Prosafe Production in Brazil and the FPSO Polvo in the presence of a large auditorium, representing all major oil & gas companies in Brasil.
The 1st Prize of the "Premio Conformidade 2007/2008" is a significant achievement, emphasizing that Prosafe's hard work and professionalism have resulted in an excellent performance of the FPSO Polvo.
The experience Prosafe Production has gained through this work will lay the ground for future successful operations in Brazil.
Prosafe Production is a major owner and operator of floating production and storage vessels. Operating profit before depreciation reached USD 71.6 million in first half 2008. The company operates globally and employs approx. 1,200 people, and is headquartered in Limassol, Cyprus. Prosafe Production Public Limited is listed on the Oslo Stock Exchange with ticker code PROD.
For more information, please refer to www.prosafeproduction.com
Limassol, 2 October 2008 Prosafe Production Public Limited
For further information please contact:
Bjørn Henriksen, President and CEO Phone: +65 9751 8460
Roy Hallås, Executive VP and COO Phone: +65 9750 3810
