Prosafe announced thatBP Exploration Operating Company Limited (‘BP’) has exercised the one-month option to extend the charter of the Safe Caledonia. Total value of the option is USD 2.4 million.

The Safe Caledonia commenced a five-month firm operational period end May 2018 at Clair Ridge in the UK sector of the North Sea. The firm operational period will now continue through to end November 2018.

About Prosafe

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.