Prosafe SE: Operational Update - February 2024
Prosafe SE: Operational Update - February 2024

Prosafe SE: Operational Update - February 2024

Fleet utilization for January 2024 was 56.8 percent.  

Safe Notos and Safe Zephyrus had utilization of 100 percent in January. Safe Concordia was also fully utilized in the month with exception of a 5% discount on day rate due to a crane issue. Safe Concordia returned to full day rate post repair on 01 February 2024. 

Safe Eurus had utilization of 97.4 percent in January. After SPS in November / December 2023, Safe Eurus resumed operation on 01 January 2024 and was fully utilized thereafter.   

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

Safe Boreas and Safe Scandinavia are laid up in Norway pending future work.    

Prosafe continues to experience an increase in enquiries from clients and is optimistic that there will be additional tenders and/or direct awards in the North Sea during Q1 and Q2 2024 with a focus on 2025 onwards. 

Prosafe expects further tenders in Brazil from Petrobras and other operators with contract commencements from end 2024 onwards. Prosafe also sees increased activity in other regions for 2025 and beyond, including Australia and West Africa, which should lead to a further tightening of supply. 

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. For more information, please refer to  

Stavanger, 20 February 2024 

Prosafe SE 

For further information, please contact:  

Terje Askvig, CEO 

Phone: +47 952 03 886 

Reese McNeel, CFO 

Phone: +47 415 08 186 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act 

The use of our cookies

We use cookies and tracking technologies to make this website work and to help us understand how the site is used. With your agreement, we would also like to enable third party cookies to help us understand the effectiveness of our online marketing. You can use this tool to control how these cookies are used.

For more information visit our Cookies & Privacy page

Strictly Necessary Cookies

Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies. You disable these by changing your browser preferences, but the website will not function properly.

We use cookies when you visit our site. These help us to give you the best experience on our website, analyse traffic and enable social media features. You can manage the cookies set on your device by clicking “Settings”. By clicking “Accept all”, you agree to the use of cookies unless you have disabled them. You can find out more information about cookies and about how we process personal data in our Cookies & Privacy page.

Accept All Settings