Repsol Sinopec Resources UK Limited (formerly Talisman Sinopec Energy UK Limited) has exercised options to extend the charter of the Safe Boreas by a total of 44 days, Prosafe said in its press release.
In mid-March 2016, the Safe Boreas commenced a 245-day firm operational period at Montrose A in the UK sector of the North Sea. The firm operational period will now continue through 6 January 2017 with Prosafe agreeing to reduce the option periods’ day rate consistent with market conditions. Repsol Sinopec can further extend the operations of the Safe Boreas by weekly options.
Prosafe is the world's 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.