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Prosafe SE (OSL:PRS) Prosafe has been awarded a Letter of Intent for the extension of operations of the Safe Scandinavia at StatoilHydro's Sleipner facility in the Norwegian continental shelf. The duration of the extension is 26 days and has a value of approximately USD 9.1 million.
Accordingly, the rig will be on contract for StatoilHydro until 26 November 2008. After a short yard stay, Safe Scandinavia will thereafter commence operations at the Valhall field for BP Norway in the middle of December.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 222.2 million in 2007. The company operates globally, employs approx. 430 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 22 October 2008 Prosafe SE
For further information, please contact:
Arne Austreid, President and CEO Phone no: +357 992 75 030
Karl Ronny Klungtvedt, Exec. Vice President and CFO Phone no: +357 996 88 169
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