Prosafe SE: BP charters Safe Caledonia for West of Shetland

Prosafe has signed a contract with BP Exploration Operating Company Limited ('BP') for the provision of the Safe Caledonia semi-submersible accommodation vessel at the Clair Ridge platform West of Shetland in the UK sector of the North Sea.

The five-month contract will commence end-May 2018 providing gangway connected operations to support hook up and commissioning activities.

Total value of the contract period is approximately USD 13.5 million.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The Company is headquartered in Larnaca, Cyprus and listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com (http://www.prosafe.com)

Larnaca, 19 March 2018
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Prosafe Management AS
Phone: [phone]

Stig Harry Christiansen, Deputy CEO and CFO
Prosafe Management AS
Phone: [phone]

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

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via Globenewswire