Prosafe scores contract extension in the Philippines

Oslo: London-headquartered Prosafe has said that it has received a one month extension to the firm charter period from Shell Philippines Exploration for the Safe Astoria accommodation support vessel.

The vessel is being utilised at the Malampaya Phase 3 Depletion Compression Project offshore Philippines.

The total value of the firm extension period is around $5m.

Since it began operations in 2001, the Malampaya project has produced natural gas which supplies three power plants in Batangas, with a combined capacity of 2,700 MW.

The project is now on its next stages of development, Malampaya Phases 2 and 3, which aim to maintain the level of gas production to fulfill commitments under existing gas sales agreements and provide a steady supply of natural gas to power the Luzon electricity grid.

Two additional production wells were successfully installed in 2013, marking the completion of Malampaya Phase 2. Malampaya Phase 3 involves the design, fabrication and installation of a new depletion compression platform.

Prosafe owns and operates 11 semi-submersible accommodation vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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