Prosafe has been awarded a contract from Det norske oljeselskap ASA for the provision of the Safe Scandinavia accommodation support vessel at the Ivar Aasen Development Project in the Norwegian sector of the North Sea.

The contract has been awarded following a competitive tendering process and is for a firm period of six months with on-site operations planned to commence June 2016. In addition, Prosafe has granted Det norske four additional one-month options.

Total value of the contract for the firm period is approximately USD 65.6 million.

About Prosafe
Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. 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.