1Q6 Prosafe S.E.

Prosafe SE: Update on Merger process with Floatel – Competition Process

Prosafe SE: Update on Merger process with Floatel – Competition Process

On 22nd August Prosafe, confirmed that the competition process in Norway was in its second and final phase with a conclusion expected before the end of September, whereas in the UK the competition process was still in the first phase.

As regards the Norwegian process, there is no news as of yet.

With regards to the UK process, the company has been informed by the UK authorities that the merger cannot be cleared unconditionally in phase one. Prosafe and Floatel are currently considering acceptable remedy for phase one or whether to enter phase two.

Further information on status and way forward in both Norway and UK will be provided in due course.

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, 5 September 2019

Prosafe SE

For further information, please contact:

Glen Ole Rødland, Chairman of Prosafe:

Jesper Kragh Andresen, CEO of Prosafe:

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

EN
05/09/2019

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1Q6Prosafe S.E.

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Reports on Prosafe S.E.

Haakon Amundsen
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1Q6 PROSAFE S.E.

Prosafe - The golden days are about to return

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11/23/22 November 23, 2022 1 EN
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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
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PACDQ Pacific Drillin...
1Q6 PROSAFE S.E. ... (+26)

More detail on licensing round

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AKSOO AKER SOLUTIONS ASA
DO DIAMOND OFFSHORE DRILLING INC.
RIGN TRANSOCEAN LTD.
TEC TECHNIPFMC PLC
SHLF SHELF DRILLING
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A2JAU0 BORR DRILLING
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DRLCO MAERSK DRILLING
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06/10/21 June 10, 2021 3 EN
Martin Huseby Karlsen
  • Martin Huseby Karlsen
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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.
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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
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PACDQ Pacific Drillin...
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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

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