Prosafe has been awarded a contract by BG International (CNS) Limited for the provision of the Safe Caledonia accommodation rig for the Gaupe and other projects in the North Sea.

The firm period of the contract is 9 months with on site operations planned to commence March 2011. In addition Prosafe has granted four additional two-week options.

The Gaupe field is an oil and gas development located adjacent to the Norway-United Kingdom international border, some 225 km from the Norwegian mainland and 12 km south of the Varg field (PL038). The development of Gaupe is planned as a two well subsea tie-back to the Armada platform located in the United Kingdom. The estimated gross reserves are approximately 28 million barrels of oil equivalents (MMboe) with net peak production of approximately 5,000 barrels of oil equivalents per day (boepd), in 2012. The production will comprise of both oil and gas in the ratio of approximately 50:50 over field life. The hydrocarbons will be transported to the Armada platform for processing before further transportation to the UK mainland.

Total value of the contract for the firm term is about USD 56 million.

Tags: Prosafe