Singapore: Prosafe Reports Q2 Operational Update

Rig utilisation in the second quarter of 2011 was 84.7 per cent. Safe Scandinavia, MSV Regalia, Safe Caledonia, Safe Esbjerg, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia and Safe Regency have been fully utilised in the second quarter.

Safe Bristolia commenced on the contract with Cotemar mid-May 2011. Prior to this the rig was at yard in Poland for a five-year class survey and other maintenance work.

Since Safe Concordia was made available for the client on 18 April, the rig had 43 days with standby dayrate and 16 days with full dayrate in the quarter. The rig is currently operating alongside a turret-moored FPSO for Petrobras offshore Brazil and the operation is going as planned.

Safe Astoria was idle in the second quarter.

Source: Prosafe, August 12, 2011;

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