BP Norge AS has exercised two three-month options for the continued use of the MSV Regalia and thereafter Safe Scandinavia (image) at the Valhall offshore facility in the Norwegian sector of the North Sea.
The first three months commencing in July 2011 using the MSV Regalia will be in direct continuation of the existing firm period. The Safe Scandinavia will complete the remaining three months commencing October 2011, consecutively after the MSV Regalia. The value of the exercised options is around USD 44.9 million.
In addition, Prosafe has granted an additional two-month option commencing January 2012 if exercised.
Source: BP, January 17, 2011;