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The Company Issued a Market Update Regarding Its Current Fleet of Offshore Support Vessels. Three of Prosafe’s Seven Platforms Are Already Preparing for Operations with Petrobras in the Coming Months.
The year 2023 began with strong past results and a promising future for Prosafe. The company is on this Friday, (01/27), preparing its fleet of offshore support vessels for the new contracts expected in the coming months. Of the seven platforms, three will be allocated to Petrobras’s oil and gas exploration projects in the domestic market. The company finished the last year with good results and is preparing to expand its business.
2022 Marked Major Results for Prosafe’s Offshore Support Vessel Fleet, Preparing for New Contracts in 2023
Prosafe issued a 2023 update on the status of its offshore accommodation support platform fleet.
The fleet utilization rate in the fourth quarter of 2022 was 56.1% (fourth quarter of 2021: 59.3%), with five of the seven vessels operating at some point during the quarter.
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The company achieved a positive result, although it did not surpass that of 2021, throughout last year. For 2023, expectations are even better regarding new charter contracts for offshore vessels.
The state-owned oil company Petrobras will have part of the company’s fleet chartered for its exploration projects.
The most significant vessel for the state will be the Safe Zephyrus, which completed its contract with bp at the ETAP in the North Sea of the United Kingdom on December 21, 2022.
Now, the vessel is mobilizing for its journey to Brazil, to start the contract with Petrobras on May 1 of this year.
The contract value for 650 days is about US$ 73 million (equivalent to US$ 112,500 per day).
Meanwhile, the Safe Concordia platform remains idle in Curaçao, awaiting the start of the next project in the Gulf of Mexico, USA.
The expectation for Prosafe’s fleet is that the vessel will be chartered between July and September 2023. The agreed amount for the charter is about US$ 33 million, securing a good contract for the company.
Petrobras Has Two More Contracts with Prosafe for the Chartering of Its Offshore Support Vessel Fleet
In addition to the Safe Zephyrus, Petrobras will receive support from Prosafe’s fleet of vessels for other offshore projects in 2023.
On May 25, 2022, the Safe Eurus signed a four-year contract with Petrobras, starting in February 2023.
The company is only awaiting the end of the current contract to proceed with the chartering by the state-owned company.
Additionally, the Safe Notos will also be out of service for about 30 days in May 2023 for Petrobras contract compliance work.
Beyond the contracts with Petrobras, Prosafe continues with three vessels from its fleet awaiting new offshore projects: the Safe Caledonia, the Safe Boreas, and the Safe Scandinavia.
Learn About Prosafe
Prosafe is one of the leading owners and operators of semi-submersible accommodation vessels. The company owns and operates six Accommodation, Safety and Support Vessels (ASVs) semi-submersible and one Tender Support Vessel (TSV) that can also operate as an accommodation vessel.
The vessels offer high-quality welfare and catering facilities, storage, workshops, offices, medical services, and lifesaving equipment.
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