Prosafe’s Whole Fleet May Soon Be Idle

In Brazil, where the company’s Safe Notos and Safe Eurus are on contracts with Petrobras, the Brazilian oil company in April asked Prosafe for a suspension of the contract for a period of up to 120 days “during which period all logistical services, fuel, and catering support will continue to be
provided by Petrobras, and any days of suspension will be added to the firm period of the contract.”

Prior to this request, Petrobras in March disconnected the two units and demobilized personnel, putting the two rigs on a 95% stand-by rate.

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