The fleet utilisation fee within the third quarter of 2020 was 16.four per cent (Q3 2019: 48.2 per cent).
Prosafe has been in discussions with a number of shoppers about present contracts in gentle of Covid-19 and the oil value collapse, and has managed to guard its order guide by shifting contracts from 2020 to 2021 with some additional extensions. Please see the replace per vessel beneath.
Prosafe continues to say full contract worth from EnQuest referring to the deliberate Thistle mission for the Secure Zephyrus.
Prosafe has agreed with Shell to defer and amend the contract for the Secure Zephyrus on the Shearwater platform. The revised agency length of the contract is 115 days and the contract is scheduled to begin in March 2021. Shell has the choice of including 30 or 45 days to the entrance finish, leading to a doable earlier graduation date. As well as, Shell retains the choice to increase the contract after the agency length by as much as 30 days. The Secure Zephyrus is at present laid up at Averøy yard in Norway getting ready to conduct her five-yearly particular periodic survey.
Secure Caledonia is at present laid up within the UK. The vessel is scheduled to begin a 162-day contract with a 30-day choice for Complete at Elgin within the UK from Q1 2021. This contract was initially scheduled to begin in 2020.
Secure Eurus has been offering security and upkeep help to Petrobras throughout a three-year contract since November 2019. From April 2020, the Secure Eurus was suspended for 120 days at zero fee. The vessel has been on standby fee since early August and recommenced operations on 24 September 2020.
The unique three-year and 222-day agency contract for the Secure Notos that was attributable to full in July 2020 was suspended for 120 days at zero fee from April 2020. The vessel was again on standby fee in early August 2020 and resumed operations in early October 2020.
Secure Concordia was idle within the quarter and is laid up in Brazil. Secure Scandinavia, Secure Boreas and Regalia have been idle within the quarter and are laid up in Norway. Regalia has been marketed for recycling with doable graduation of recycling in Q1 2021.
Though the influence from Covid-19 on the macro setting has been difficult, the corporate has efficiently carried out correct security measurements at workplaces and vessels to guard folks and belongings, in addition to a number of cost-saving initiatives to guard liquidity.
Please seek advice from separate press launch from 1 October 2020 concerning the continued dialogue with lenders a few long-term monetary answer for the corporate.
Prosafe is a number one proprietor and operator of semi-submersible lodging vessels. The corporate is listed on the Oslo Inventory Alternate with ticker code PRS. For extra info, please seek advice from https://www.prosafe.com
Stavanger, 20 October 2020
For additional info, please contact:
Jesper Ok. Andresen, CEO
Telephone: +47 51 65 24 30 / +47 907 65 155
Stig Harry Christiansen, Deputy CEO and CFO
Telephone: +47 51 64 25 17 / +47 478 07 813
This info is topic to the disclosure necessities pursuant to Part 5-12 the Norwegian Securities Buying and selling Act