The fleet utilisation fee within the fourth quarter of 2020 was 25 per cent (This fall 2019: 23 per cent).
Prosafe and EnQuest agreed on a settlement of the cancelled contract for the Protected Zephyrus in 2020 with EnQuest paying Prosafe an ample compensation. The Protected Zephyrus is presently conducting her five-yearly particular periodic survey at Averøy yard in Norway and getting ready for the upcoming contract on the Shearwater platform for Shell within the UK. The contract is scheduled to start in February 2021. As well as, Shell retains the choice to increase the contract after the agency length by as much as 30 days.
Protected Caledonia is presently laid up within the UK. The vessel is scheduled to start a 162-day contract with a 30-day choice for Complete on the Elgin platform within the UK from March 2021.
Protected Eurus has been offering security and upkeep assist to Petrobras throughout a three-year contract since November 2019 and was in full operation all through the quarter.
The unique three-year and 222-day agency contract for the Protected Notos that was resulting from full in July 2020 was suspended for 120 days at zero fee from April 2020. The vessel was again on standby fee in early August 2020 and resumed operations in early October 2020. The Protected Notos was off-hire for essentially the most a part of January 2021 conducting her five-yearly particular periodic survey and can resume operations from February 2021 persevering with by way of till mid-November 2021.
Protected Concordia was in early January awarded a contract in Trinidad and Tobago. The vessel is now getting ready for this contract which is scheduled to start in June/July 2021.
Protected Scandinavia, Protected Boreas and Regalia have been idle within the quarter and are laid up in Norway. Regalia has been bought for recycling with graduation of recycling in Q1 2021.
Though the affect from Covid-19 on the macro surroundings has been difficult, the corporate has efficiently carried out correct security measurements at workplaces and vessels to guard folks and belongings.
Please check with separate press launch from 5 January 2021 concerning the continued dialogue with lenders a couple of long-term monetary answer for the corporate.
Prosafe is a number one proprietor and operator of semi-submersible lodging vessels. The corporate is listed on the Oslo Inventory Change with ticker code PRS. For extra data, please check with www.prosafe.com
Stavanger, 20 January 2021
For additional data, please contact:
Jesper Ok. Andresen, CEO
Telephone: +47 51 65 24 30 / +47 907 65 155
Stig Harry Christiansen, Deputy CEO and CFO
Telephone: +47 51 64 25 17 / +47 478 07 813
This data is topic to the disclosure necessities pursuant to Part 5-12 the Norwegian Securities Buying and selling Act