Prosafe has agreed with Talisman Sinopec to provide the Safe Boreas accommodation vessel for operations on the Montrose field in the North Sea.
Prosafe said the Safe Scandinavia has completed onshore acceptance testing and is now being mobilised to the Oseberg Ost installation to commence drilling support operations for Statoil.
Accommodation vessel group Prosafe has awarded an Aberdeen-based firm a £1million contract to provide temporary offshore living quarters.
Offshore accommodation provider Prosafe said there was no oil price upturn on the horizon after proposing a round of staff pay cuts. According to one Prosafe worker, who wishes to remain anonymous, the Norwegian company will implement pay cuts across the board from May. The employee said the firm’s top brass were taking pay cuts of 5-7%, while staff on lower wages faced reductions of 20-28%.
Prosafe’s profit was cut in half as its fleet’s utilization continued a downward trend.
Prosafe said its fleet utilisation rate in the final quarter of 2015 rose by 62%.
Prosafe has revealed it is to receive a $30million sellers credit on its new accommodation rig Safe Zephyrus from Jurong shipyard in Singapore.
Prosafe confirmed it has secured its stranded accommodation vessel the Safe Bristolia.
Norwegian firm Prosafe will attempt to get a tow line aboard the accommodation rig Safe Bristolia later today, if improved weather conditions hold.
Bad weather continues to hamper attempts to get a tow line attached to the Safe Bristolia accommodation rig which came adrift in the North Sea on Sunday.
Prosafe, the owners of the Safe Bristolia accommodation rig which came adrift in the North Sea, will attempt to get a tow line aboard later today.
A floating accommodation vessel is adrift in the North Sea after breaking its towline in bad weather.
Statoil’s decision to delay its Mariner contract with Prosafe has seen the final contract total increase by $55million.
Prosafe, has raised NOK590million in a private placement of shares to bolster its balance sheet and improve cash flow.
Offshore accommodation operator Prosafe has said its Regalia, Safe Bristolia, Safe Concordia and Safe Boreas units were fully contracted in the North Sea during the third quarter of 2015.
Semi-submersible provider Prosafe has signed a $24million contract with Shell for its Regalia accommodation vessel at the Brent C platform in the UK sector of the North Sea.
Semi-submersible provider Prosafe has signed a contract with Petrobras for the provision of the new Safe Eurus accommodation vessel for safety and maintenance support offshore Brazil.
Prosafe said it was making a $7million provision after lifeboats were damaged on one of its rigs last year. The company said the damage had been caused to the Safe Bristolia during bad weather in the Everest Field in the UK last year. At the time operations were suspended and the vessel was brough to the Hanoytangen shipyard in Norway for repair work.
Prosafe said a lower demand for accommodation vessels in the North Sea region has seen a number of projects postponed or made smaller. The company posted its third quarter results with an operating profit of $93million.