News & Videos - PROSAFE SE [CBOE]

21 February - Fleet utilisation for January 2025 was 57 per cent. Safe Notos and Safe Concordia operated at full capacity during this period, achieving 100% utilisation. Safe Eurus and Safe Zephyrus achieved a utilisation rate of 99% each. Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, within June 2025. Safe Boreas is in Norway preparing for relocation in Q2 2025 for a contract in Australia commencing between mid November 2025...

18 February 2025 – Prosafe SE, through a wholly owned subsidiary, has entered into an agreement to sell to an undisclosed party its 2005-built accommodation, safety and support semi-submersible vessel Safe Concordia, for a gross price of USD 5 million before commissions and expenses. The vessel is expected to be delivered to its new owner upon completion of her current charter obligations, within a window of March through June 2025. The sale of the vessel is subject to customary closing...

(Figures in brackets refer to the corresponding period last year) 31 January 2025 – Prosafe SE reported EBITDA of USD 4.9 million (negative USD 2.7 million) for the fourth quarter of 2024. The company had four active vessels during the quarter. Operations and HSSE Good operating and safety performance on all vessels 57% utilisation (50%), four out of seven vessels operating during the quarter 100% utilisation on the operating fleet in Brazil and US Gulf of Mexico Strong commercial performance...

20 January - Fleet utilisation for Q4 2024 was 57 per cent. All operating vessels - Safe Notos, Safe Eurus, Safe Zephyrus and Safe Concordia - achieved 100 per cent utilisation during this period. Safe Zephyrus contract extension with Petrobras has recently been formalised, adding 954 days to the original 650-day firm period and extending operations through September 2027. Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, within...

17 January – Prosafe SE will release its fourth quarter 2024 results on 31 January 2025. The Q4 presentation will be available on both www.newsweb.no and Prosafe’s website, www.prosafe.com . Terje Askvig, CEO, and Reese McNeel, CFO, will present the results at Pareto Securities, located at Dronning Mauds gate 3, 0115 Oslo, on 3 February 2025 at 10:00 CET. This presentation is open to the public and will be live-streamed on Prosafe’s website. It will be possible to ask questions during the...

09 January 2025 – Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (‘Petrobras’) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days resulting in operations into September 2027 with an increase in the fuel allowance from 20m 3 to 25m 3 per day through the extension. Total value of the contract extension...

30 December – Gunnar Eliassen has notified the Chair of the Board of Directors that he resigns as Deputy Chair due to other commitments. Mr Eliassen has been a member of the Board of Directors since February 2024. His resignation has been accepted and is effective immediately. Glen Rødland, the Chair of Prosafe, would like to thank Gunnar for his valuable contributions on behalf of the company. For further information, please contact: Glen O. Rødland, Chair Phone: +47 907 41 662 Terje...

19 December - Fleet utilisation for November 2024 was 57 per cent. In November, all operating vessels - Safe Notos, Safe Eurus, Safe Zephyrus and Safe Concordia - achieved 100 per cent utilisation. Safe Zephyrus extension into Q3 2027 expected with Petrobras. Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, within June 2025. Safe Boreas is laid up in Norway pending relocation in Q2 2025 for a contract in Australia commencing...

19 November - Fleet utilisation for October 2024 was 57 per cent. In October, all operating vessels - Safe Notos, Safe Eurus, Safe Zephyrus and Safe Concordia - achieved 100 per cent utilisation. Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, within June 2025. Safe Boreas is laid up in Norway pending relocation in Q2 2025 for a contract in Australia commencing earliest October 2025. The first milestone of the reactivation has...

(Figures in brackets refer to the corresponding period last year) 14 November 2024 – Prosafe SE reported EBITDA of USD 5.0 million (USD 8.4 million) for the third quarter of 2024. The company had four active vessels during the quarter. Operations and HSSE Good operating and safety performance on all vessels Q3 2024 utilisation of 57% (52%), four out of seven vessels operating during the quarter Safe Concordia, Safe Notos and Safe Eurus all had 100% utilisation, Safe Zephyrus 99% utilisation...

01 November - Prosafe SE will release its third quarter 2024 results on November 14, 2024, at approximately 07:00 a.m. CET. The Q3 report will be available on both www.newsweb.no and Prosafe’s website, www.prosafe.com . Terje Askvig, CEO, and Reese McNeel, CFO, will present the results at Pareto Securities, located at Dronning Mauds gate 3, 0115 Oslo, on the same day at 10:00 a.m. CET. This presentation is open to the public and will be live-streamed on Prosafe’s website. It will be possible...

18 October - Fleet utilisation for Q3 2024 was 57 percent. In Q3 2024, Safe Concordia, Safe Notos and Safe Eurus all achieved 100% utilisation. Safe Zephyrus reached 99% utilisation. Safe Caledonia is laid up at Scapa Flow, UK, and is scheduled for deployment to the Captain Field, UK, starting Q2 2025. Safe Boreas is laid up in Norway pending relocation in Q2 2025 for a contract in Australia commencing earliest October 2025. Safe Scandinavia is laid up in Norway. Prosafe is a leading owner and...

20 September - Fleet utilisation for August 2024 was 57 percent. In August, Safe Eurus and Safe Notos achieved 99% utilisation, while Safe Zephyrus reached 97%. The contract for Safe Concordia has been extended through the final two-months of options, plus an additional two-month extension. The vessel maintained 100% utilisation during August. Prosafe has secured firm contracts for both the Safe Caledonia and the Safe Boreas. The Safe Caledonia is set to begin operations in June 2025 at the...

11 September 2024 - With reference to the public disclosures dated 13 October 2022 and 29 January 2024, the charterer of the Safe Concordia has exercised early the remaining 2 months of options, plus a further 2 months. The fixed term of the contract is now through to 09 March 2024. The total value of the 4 month extended period is approximately USD 13.14 million. For further information, please contact: Terje Askvig, CEO Phone: +47 952 03 886 Reese McNeel, CFO Phone: +47 415 08 186 Prosafe is a...

27 August 2024 - Reference is made to press release dated 5 July 2024 where Prosafe announced the award of a Letter of Intent from Ithaca Energy (UK) Limited. Prosafe now advises that the contract has been signed, and that the Safe Caledonia will provide accommodation support for Ithaca Energy at the Captain field in the UK sector of the North Sea for a firm period of 6 months commencing June 2025 with up to 3 months of options. The total value of the contract is approximately USD 26 million to...

21 August 2024 - Reference is made to press release dated 30 May 2024 where Prosafe announced the award of a Conditional Letter of Intent by an undisclosed client for the provision to provide gangway connected operations to support a project off the coast of Western Australia for a firm period of 15 months with up to six months of options. Prosafe now advises that the contract has been signed. The Safe Boreas will mobilise from the North Sea within Q2 2025 and will undergo its five-yearly...

(Figures in brackets refer to the corresponding period last year) 15 Aug 2024 – Prosafe SE reported EBITDA of USD 6.6 million (negative USD 9.8 million) for the second quarter and USD 13.8 million (negative USD 16.2 million) for the first half of 2024. Operations, HSSE and backlog Good operating and safety performance on all vessels Utilisation of 56%, four out of seven vessels operating during the quarter and first half Strong commercial performance Conditional Letter of Intent (LOI) for Safe...

Prosafe SE will release its second quarter 2024 results on August 15, 2024, at approximately 07:00 a.m. CEST. The Q2 2024 presentation will be published on www.newsweb.no and on Prosafe’s website www.prosafe.com . Terje Askvig, CEO, and Reese McNeel, CFO, will on the same day at 10:00 a.m. CEST, present the results at Pareto Securities, Dronning Mauds gate 3, 0115 Oslo. The presentation is open to the public and can also be followed live via web streaming at www.prosafe.com . It will be...

Fleet utilisation for Q2 2024 was 56 percent. In Q2 2024, Safe Eurus and Safe Concordia both achieved 100% utilisation. Safe Notos reached 99%, while Safe Zephyrus had a 98% utilisation due to necessary maintenance work. Prosafe entered into a Letter of Intent (LoI) with Ithaca Energy (UK) Limited for the deployment of the Safe Caledonia at the Captain field in the UK sector of the North Sea starting in Q2 2025. The minimum firm operational period is six months, with an additional three months...

5th July 2024 Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) Limited for the charter of the Safe Caledonia to provide gangway connected accommodation support at the Captain field in the UK sector of the North Sea. The firm duration of the contract commencing June 2025 is 6 months with up to 3 months of options and final contract award is subject to meeting certain site specific technical criteria. The Safe Caledonia will undergo its five-yearly special periodic survey...