Prosafe SE

Safe Boreas extends further with Repsol Sinopec

Repsol Sinopec Resources UK Limited (formerly Talisman Sinopec Energy UK Limited) has exercised a further four weeks of options.

The Safe Boreas will continue operations for Repsol Sinopec Resources UK Limited at Montrose A in the UK sector of the North Sea through 24 April 2017 with the reduced option periods' day rate consistent with market conditions continuing.

Repsol Sinopec has the ability to extend the Safe Boreas further through weekly options.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com

Larnaca, 28 March 2017
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

Jesper K. Andresen, CEO
Prosafe Management AS
Phone: [phone]

Stig Harry Christiansen, Deputy CEO and CFO
Prosafe Management AS
Phone: [phone]

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: [phone]


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

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Source: Prosafe SE via Globenewswire