Prosafe reports highest quarterly fleet utilization since Q3 2015

 (OM) Prosafe, an owner and operator of semisubmersible accommodation vessels, said its fleet utilization rate in second-quarter 2022 was 81% (Q2 2021: 65.8%), with five out of seven vessels in full operation throughout the quarter, according to the company’s latest quarterly results report.

Safe Boreas was working part of the quarter while Safe Scandinavia remains idle. This is the highest quarterly utilization since third-quarter 2015.

Safe Boreas commenced a contract on the Norwegian Continental Shelf on May 1. The contract had a firm duration of three months, and the client informed that neither of the two one-month options would be exercised. On June 15, Safe Boreas was awarded a contract by a UK client to support a platform shutdown in the UK North Sea. The firm duration of the contract starting September 2022 is 21 days with up to 30 days of options. Safe Boreas is located quayside in Norway in anticipation of startup in September in the UK.

Safe Zephyrus has been operating for bp at ETAP in the UK North Sea since Jan. 22, 2022, on a 10-month contract with up to four months of options.

Safe Caledoniahas been operating for TotalEnergies at the Elgin platform in the UK since March 7, 2022. The vessel will be on contract until December with one 30-day option.

Safe Eurus has been providing safety and maintenance support to Petrobras in Brazil since November 2019, and the contract has a firm duration until February 2023. On May 25, 2022, Safe Eurus was awarded a four-year contract with Petrobras aiming to commence around the end of March 2023 following on from the expiry of her current contract.

Safe Notoshas been operating for Petrobras in Brazil since December 2016. On May 4, 2022, Safe Notos was awarded a four-year contract by Petrobras with commencement on July 18, 2022, in direct continuation of the previous contract.

Safe Concordia was in full operation during the quarter in Trinidad and Tobago. On July 27, 2022, the client exercised all four one-week options, taking the contract through September 2022.

Safe Scandinaviais laid up in Norway and is being marketed broadly.

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