One-month contract extension for Safe Caledonia

Source: www.gulfoilandgas.com 6/14/2005, Location: Africa

Prosafe Rigs Limited, a wholly owned subsidiary of Prosafe ASA, has been awarded a 30-day contract extension by SNEPCO (Shell Nigeria Exploration & Production Company) for the use of Safe Caledonia for DP (dynamic positioning) hook-up/construction support to the FPSO Bonga in Nigeria.

This contract extension is the third of four possible 30-day extensions available to SNEPCO under its existing contract for the use of the Safe Caledonia. The remaining option must be declared three months in advance.

The extension takes the ongoing contract through to 3 October 2005. Prosafe has now secured a fleet utilisation of about 88% in 2005. Long-term market prospects for accommodation and service rigs are also positive, and the business division has already now secured a fleet utilisation of 82.5% in 2006, 62.5% in 2007 and 34% in 2008.


Nigeria >>  4/29/2022 - Subsea 7 announced the award of a substantial(1) contract for the engineering, procurement, installation, and commissioning of flowlines and umbilical...
Nigeria >>  4/26/2022 - Worley have been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) ...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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