Shell Charters Regalia in 2016

Prosafe has signed a contract with Shell U.K. Limited (Shell) for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the UK sector of the North Sea.

The short duration contract, commencing in Q2 2016, will provide a Dynamically Positioned (DP) gangway connection for the duration of the project. This contract award follows the Regalia recently completing a successful assignment for Shell at the Shearwater platform.

The total value of the contract is approximately USD 24 million.

Prosafe is the world's leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 248.3 million in 2014, and net profit was USD 178.8 million. The company operates globally, employs 800 people, and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS.

This article was originally published on Marine & Industrial Report newspaper Vol 37  No.5  Issue last October 31,2015.