Safe Caledonia was in operation for Total until mid-June, when an incident during relocation lead to minor damages to the starboard column/pontoon. As a precautionary measure, the vessel was taken to sheltered waters for necessary repairs, resulting in 8 days with loss of dayrate and an estimated additional cost of around USD 2 million (including crew-, mobilisation- and yard cost). Safe Caledonia recommenced operations for Total end-June.

Safe Astoria was in operation for Shell until end-June.

Safe Concordia was idle in the second quarter.

All other rigs have been fully utilised in the second quarter.

Larnaca, 13 July 2010
Prosafe SE

For further information, please contact:

Arne Austreid, President and CEO
Phone: +357 992 75 030

Karl Ronny Klungtvedt, EVP Strategy and Corporate Planning
Phone: +47 908 81 657