1Q6 Prosafe S.E.

Prosafe SE: Total UK award Key Contract to Safe Caledonia

Prosafe SE: Total UK award Key Contract to Safe Caledonia

Prosafe has signed a contract with Total E&P UK Limited (‘Total’) for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea. The firm duration of the contract commencing mid-April 2020 is 162 days with one 30-day option.

Jesper Kragh Andresen, CEO of Prosafe says: “This contract for Prosafe is extremely important as Total continue to invest into the North Sea. In 2017 the Safe Caledonia conducted gangway connected operations at Elgin with unprecedented operational uptime – and we fully expect to deliver the same in 2020. For the Safe Caledonia to be available, the previously announced contract commencing mid-2020 will take delivery of either the Safe Boreas or Safe Zephyrus.”



Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to

Stavanger, 31 July 2019

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone:

Stig Harry Christiansen, Deputy CEO and CFO

Phone:



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

EN
31/07/2019

Underlying

1Q6Prosafe S.E.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Prosafe S.E.

Haakon Amundsen
  • Haakon Amundsen
1Q6 PROSAFE S.E.

Prosafe - The golden days are about to return

Restructured and streamlined with upside optionality Niche market to tighten significantly from ’24e Earnings recovery drives leverage and valuation down

11/23/22 November 23, 2022 1 EN
Free Trial
1Q6 PROSAFE S.E.

Prosafe Se: 1 director

A director at Prosafe Se bought 6,000 shares at 157.000NOK and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

11/11/22 November 11, 2022 1 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
PACDQ Pacific Drillin...
1Q6 PROSAFE S.E. ... (+26)

More detail on licensing round

Ahead of the white paper on Friday, the government provided more details on offshore wind development in Norway. The bottom-fixed areas will be developed without state-aid, and awards will follow an auction in early 2022. Floating areas will be awarded on qualitative criteria and receive government support (level not yet decided). Both areas will be split into 2–3 licences, which will allow multiple consortiums to be awarded. While we believe the planned sizes (in GW) allow for critical mass, th...

PACDQ PACIFIC DRILLING S.A.
1Q6 PROSAFE S.E.
PGS PGS ASA
DOF DOF ASA
SOC SUBSEA 7 S.A.
SDRL SEADRILL LTD
BWO BW OFFSHORE
PLCS POLARCUS LIMITED
ARCHERO ARCHER
AKER AKER ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
E65F VALARIS PLC CLASS A
KVAER KVAERNER ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
TEC TECHNIPFMC PLC
SHLF SHELF DRILLING
CGG CGG
NODL NORTHERN DRILLING
A2JAU0 BORR DRILLING
AWDR AWILCO DRILLING
DRLCO MAERSK DRILLING
NE NOBLE
MSEIS MAGSEIS FAIRFIELD
06/10/21 June 10, 2021 3 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
PACDQ Pacific Drillin...
1Q6 PROSAFE S.E. ... (+26)

Crowded and high-profile in Norway

The initial licensing rounds for offshore wind acreage in Norway are lining up to be competitive, with several high-profile local companies/consortiums already having announced their intention to participate. In addition, we would expect traditional renewables producers and international E&P companies to take part. Currently there is limited clarity on how the licensing process will work, but more details are expected in a government white paper (‘Stortingsmelding’) on 11 June. Although the winn...

PACDQ PACIFIC DRILLING S.A.
1Q6 PROSAFE S.E.
PGS PGS ASA
DOF DOF ASA
SOC SUBSEA 7 S.A.
SDRL SEADRILL LTD
BWO BW OFFSHORE
PLCS POLARCUS LIMITED
ARCHERO ARCHER
AKER AKER ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
E65F VALARIS PLC CLASS A
KVAER KVAERNER ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
TEC TECHNIPFMC PLC
SHLF SHELF DRILLING
CGG CGG
NODL NORTHERN DRILLING
A2JAU0 BORR DRILLING
AWDR AWILCO DRILLING
DRLCO MAERSK DRILLING
NE NOBLE
MSEIS MAGSEIS FAIRFIELD
06/08/21 June 8, 2021 3 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
Free Trial
PACDQ Pacific Drillin...
1Q6 PROSAFE S.E. ... (+26)

No help from Petrobras

Our initial impression from the detailed 5-year plan from Petrobras is that there is no aid for the oil services sector in the coming years. Overall spending is seen down 28%. Capital discipline appears high, with focus on pre-salt production (Buzios), resulting in among others exploration spending down c50%, likely to hurt both seismic and drilling. Compared to what was already known, no new FPSOs were introduced, which we consider negative for subsea and drilling demand.

PACDQ PACIFIC DRILLING S.A.
1Q6 PROSAFE S.E.
PGS PGS ASA
DOF DOF ASA
SOC SUBSEA 7 S.A.
SDRL SEADRILL LTD
BWO BW OFFSHORE
PLCS POLARCUS LIMITED
ARCHERO ARCHER
AKER AKER ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
E65F VALARIS PLC CLASS A
KVAER KVAERNER ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
TEC TECHNIPFMC PLC
SHLF SHELF DRILLING
CGG CGG
NODL NORTHERN DRILLING
A2JAU0 BORR DRILLING
AWDR AWILCO DRILLING
DRLCO MAERSK DRILLING
NE NOBLE
MSEIS MAGSEIS FAIRFIELD
12/02/20 December 2, 2020 3 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch