Operational update - October 2024

19 November – Fleet utilisation for October 2024 was 57 per cent.  

In October, all operating vessels – Safe Notos, Safe Eurus, Safe Zephyrus and Safe Concordia – achieved 100 per cent utilisation.

Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, within June 2025.

Safe Boreas is laid up in Norway pending relocation in Q2 2025 for a contract in Australia commencing earliest October 2025. The first milestone of the reactivation has been successfully completed with the removal of six thrusters in preparation for overhaul.

Safe Scandinavia is laid up in Norway.   

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com

For further information, please contact:

Terje Askvig, CEO

Phone: +47 952 03 886

Reese McNeel, CFO

Phone: +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.