Prosafe provides update on semisubmersible accommodation vessels

Jan. 26, 2023
Prosafe has issued a 2023 update on the status of its offshore accommodation support rig fleet.

Offshore staff

STAVANGER — Prosafe has issued a 2023 update on the status of its offshore accommodation support rig fleet.

The fleet utilization rate in fourth-quarter 2022 was 56.1% (Q4 2021: 59.3%), with five out of seven vessels operating at some point during the quarter.

Safe Zephyrus completed its contract with bp at ETAP in the UK North Sea on Dec. 21, 2022. As of last week, the vessel is enroute to Las Palmas, Canary Islands, for a short yard stay prior to mobilizing to Brazil for contract commencement with Petrobras on May 1, 2023. The value of the 650-day contract is about $73 million (equivalent to $112,500 per day).

On May 25, 2022, Safe Eurus was awarded a four-year contract with Petrobras with planned startup in February 2023, following from the expiry of the current contract. Safe Eurus is expected to be off-hire for about 30 days in April/May 2023 for Petrobras contract compliance works and hull cleaning. Prosafe will execute the vessel’s next SPS, originally scheduled for 2024, in the same period to avoid additional future off-hire.

Safe Notos also is expected to be off-hire for about 30 days in May 2023 for Petrobras contract compliance works and hull cleaning.

Safe Concordia remains laid up in Curaçao pending start of the upcoming project in the US Gulf of Mexico. The client has informed that the commencement window is now July through September 2023. The firm contract duration is 330 days with up to six months of options. The value of the firm period is about $33 million. A standby rate of $28,000 per day has been agreed for the period from Aug. 1 until the latest commencement date now of Sept. 30. The value of the six option months is a total of $19 million.

Safe Caledonia is laid up at Scapa Flow in the UK pending future work.

Safe Boreas and Safe Scandinavia are laid up in Norway, with the former pending future work and the latter being marketed broadly.

Tender update

Prosafe recently participated in a Petrobras tender for 450 days. Prosafe was ranked fifth in the tender. The outcome of the tender remains subject to finalization of the Petrobras tendering process.

Prosafe is participating in the following tenders:

01.26.2023