PRS Prosafe

Prosafe SE: Operational update – February 2025

Prosafe SE: Operational update – February 2025



24 March - Fleet utilisation for February 2025 was 57 per cent.  

Safe Notos, Safe Zephyrus and Safe Concordia operated at full capacity during this period, achieving 100 per cent utilisation. Safe Eurus achieved a utilisation rate of 98 per cent.

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 and mid-February 2026.  

The sale of Safe Concordia is completed, and the vessel was transferred to the new owner on March 13, 2025.   

Safe Scandinavia remains laid up in Norway.  

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   

For further information, please contact:  

Terje Askvig, CEO 

Phone: +47 952 03 886 

Reese McNeel, CFO 

Phone: +47 415 08 186 

 

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





 



EN
24/03/2025

Underlying

PRSProsafe

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

Reports on Prosafe

 PRESS RELEASE
Free
PRS PROSAFE

Prosafe SE: Update on Recapitalisation

Prosafe SE: Update on Recapitalisation Prosafe SE ("Prosafe" or the "Company") is pleased to announce that it has agreed the terms of a recapitalisation (the “Transaction”) with lenders representing the Company's USD 250 million loan facility and its USD 93 million loan facility (the “Existing Facilities”), subject to final approvals being obtained by all lenders. The Transaction is also supported by shareholders representing 54% of the shares in the Company. The Transaction involves the equitisation of USD 193 million of the Existing Facilities in return for 90% of the shares in Prosafe p...

14h / 54m 1 EN
 PRESS RELEASE
Free
PRS PROSAFE

Prosafe SE: Operational update – March 2025

Prosafe SE: Operational update – March 2025 22 April - Fleet utilisation for March 2025 was 52 per cent.    Safe Zephyrus operated at full capacity during March, achieving 100 per commercial uptime.   Safe Notos and Safe Eurus, both had 99 per cent commercial uptime in March.   Safe Concordia operated at full capacity on the days she was in operation. The vessel was transferred to the new owner on March 13, 2025.  Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, by 01 June 2025.  Safe Boreas is in Norway preparing for ...

April 22, 2025 1 EN
ABGSC Oil & Oil Services Research ... (+5)
  • ABGSC Oil & Oil Services Research
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad
AKRBF AKER BP ASA
EQNR EQUINOR ASA
AKAST AKASTOR ASA
KOG KONGSBERG GRUPPEN ASA
SOC SUBSEA 7 S.A.
PEN PANORO ENERGY ASA
ARCHERO ARCHER
AKER AKER ASA CLASS A
DNO DNO ASA CLASS A
TGS TGS-NOPEC GEOPHYSICAL COMPANY ASA
ODL ODFJELL DRILLING
AKSOO AKER SOLUTIONS ASA
BWO BW OFFSHORE LIMITED
PRS PROSAFE
OKEA OKEA
BWE BW ENERGY
VAR VAR ENERGI ASA
SEAPT-NO SEACREST PETROLEO
DOFG DOF GROUP ASA
04/03/25 April 3, 2025 1 EN
 PRESS RELEASE
Free
PRS PROSAFE

Prosafe SE: Prosafe enters agreement to sell Safe Scandinavia for recy...

Prosafe SE: Prosafe enters agreement to sell Safe Scandinavia for recycling 25 March 2025 - Prosafe SE, through a wholly owned subsidiary, has entered into an agreement to sell for recycling its 1984 built, anchor moored semi-submersible tender support and accommodation vessel ‘Safe Scandinavia’. The Safe Scandinavia is presently located in Norway and has been in cold layup for over 6 years. A condition of the recycling is full compliance with all relevant conventions and regulations, with the vessel expected to be delivered within Q2 2025. This information is considered to be inside info...

March 25, 2025 1 EN
 PRESS RELEASE
Free
PRS PROSAFE

Prosafe SE: Operational update – February 2025

Prosafe SE: Operational update – February 2025 24 March - Fleet utilisation for February 2025 was 57 per cent.   Safe Notos, Safe Zephyrus and Safe Concordia operated at full capacity during this period, achieving 100 per cent utilisation. Safe Eurus achieved a utilisation rate of 98 per cent. 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 and mid-February 2026.   The sal...

March 24, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch