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Prosafe receives Letter of Award for Safe Scandinavia and MSV Regalia


Published Dec 17, 2007
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Prosafe - Extended contract for Safe Scandinavia-Spotlight

Prosafe has been awarded a Letter of Award ("LoA") by BP Norge AS for the provision of the Safe Scandinavia and thereafter the MSV Regalia accommodation support rigs at the Valhall offshore facility in the Norwegian sector of the North Sea.

The firm duration of the contract linked to the LoA commencing mid-November 2008 is two years with a six-month option.

Total value of the contract linked to the LoA excluding the option period is about USD 166 million. The option period, if exercised, has a value of about USD 44 million.

Tags: BP Norge AS, Prosafe



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