Prosafe SE announced operational update for the fourth quarter and contract extensions. Rig utilisation in the fourth quarter of 2012 was 82%. Safe Scandinavia, Safe Concordia, Safe Astoria, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency and Safe Bristolia have been on contract throughout the fourth quarter.

The first of four one-month options for Regalia for operations in 2014 has been exercised by Statoil. This declared option has a value of USD 9.3 million. The remaining three options are subject to availability of the Regalia.

Prosafe and BP Norge AS have agreed to further extend the Safe Scandinavia's operations at Valhall until 7th February 2013. The value of the seven-day contract extension is USD 2.1 million.