Prosafe SE

Safe Zephyrus chartered by BP for summer 2019

BP Exploration Operating Company Limited ('BP') has chartered the Safe Zephyrus to provide gangway connected operations supporting the completion of some post first oil scopes in summer months when the weather is favourable at the Clair Ridge platform West of Shetland in the UK sector of the North Sea. The firm duration of the contract commencing mid-May 2019 is five months with a one-month option and directly follows the completion of the Johan Sverdrup contract.

The Safe Zephyrus is one of the world's most advanced and versatile accommodation vessels, complying with stringent rules in both UK and Norway. The contract will be performed using dynamic positioning, affording BP flexibility and high bed capacity throughout operations.

Total value of the contract excluding the option periods is approximately USD 19 million.

Jesper Kragh Andresen, CEO of Prosafe says: "For the second year in a row Prosafe will be providing BP with a high quality vessel at Clair Ridge. The Safe Zephyrus' track record of gangway connected operations is second to none since her delivery in 2016, and together with the Prosafe team represents the best the industry can offer."

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 www.prosafe.com

Stavanger, 11 October 2018
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: [phone]

Stig Harry Christiansen, Deputy CEO and CFO
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