Prosafe and Shell Philippines Exploration B.V. (‘SPEX’) have agreed a one month extension to the firm period for the provision of the Safe Astoria accommodation support vessel at the Malampaya Phase 3 Depletion Compression Project offshore Philippines, the company said in its press release.
Total value of the firm extension period is approximately USD 5 million.
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014 and net profit was USD 178.8 million. The company operates globally, employs 800 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.