Lundin Norway exercises Safe Boreas option
Lundin Norway AS has exercised a one month option for the provision of the Safe Boreas semi-submersible accommodation vessel at the Edvard Grieg Project in the Norwegian sector of the North Sea.
The one month option extends on site operations through mid-December 2015 and has a total value of approximately USD 10 million. In addition, Lundin has a further one month option.
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.