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Prosafe receives North Sea Letter of Intent for MSV Regalia


Published Mar 21, 2007
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Prosafe receives North Sea Letter of Intent for MSV Regalia-Spotlight

Prosafe has been awarded a Letter of Intent by Aker Kværner Offshore Partner AS for the provision of the MSV Regalia accommodation and construction support rig at the Total E & P UK Ltd, MCP-01 platform in the UK sector of the North Sea.

The LoI has a firm period of seven months with a one-month option. The MSV Regalia will transit to the North Sea early November, after its current commitment in Angola. On site operations will commence in January 2008.

Total value of the LoI, excluding the transit from Angola and the option period, is about USD 47 mill. The LoI will ensure a high utilisation level of the vessel into the third quarter 2008, and will be the first of its kind in the emerging decommissioning market.




   

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