Prosafe has been awarded a contract from Talisman Sinopec Energy UK Limited (“Talisman Sinopec Energy UK”) for the provision of the Regalia accommodation vessel at the Montrose Platform in the UK Continental Shelf in the North Sea.
The contract has been awarded following a competitive tendering process and is for a firm period of 450 days with on-site operations planned to commence late August 2014. In addition, Prosafe has granted Talisman Sinopec Energy UK four one-month options.

Total value of the contract for the firm period is approximately USD 137.5 million.

About Prosafe
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 192.3 million in 2011. The company operates globally, employs 550 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.