Prosafe wins Statoil contract

UK accommodation platform Prosafe has won a contract from Norwegian energy firm Statoil for the provision of semi-submersible accommodation vessel Safe Zephyrus for Phase 1 of the Johan Sverdrup hook-up and commissioning project in the Norwegian sector of the North Sea.

The contract duration will be one of three scenarios available to Statoil for nomination in early August 2017; either a 12 month firm period from late second quarter of 2018, or a 12 month firm period from late third quarter of 2018 with 4 months of options, or lastly 5 months firm from late second quarter of 2018 plus 6 months of options and 4 months firm from second quarter of 2019 plus 4 months of options.

The value of the contract firm period will be between $51m and $53m.

Prosafe said the contract will provide longevity of operations for the Safe Zephyrus and generate a firm cash flow in a soft market and the combination of building order book and longevity with the retained optionality from other vessels in the fleet represents a balanced situation for the company.

“Prosafe regard this contract award as a significant milestone and we are ready to deliver the highest quality of vessel and service. Statoil is a key client and this was a very important contract for the company to win and we anticipate that this will position the Safe Zephyrus well for any additional work at the Johan Sverdrup development,” said Jesper Kragh Andresen, CEO of Prosafe.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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