PROSAFE SE 
By Rig utilisation in the fourth quarter of 2011 was 79.8 per cent.
Safe Caledonia, Safe Lancia, Jasminia, Safe Hibernia, Safe Britannia, Safe Regency, Safe Bristolia have been fully utilised in the fourth quarter.
Safe Concordia was five days off hire in the quarter due to smaller modifications of the DP system.
Safe Scandinavia commenced operations at the Valhall field in October. Prior to contract start, the rig had a brief yard stay to adjust the gangway pedestal to fit with the landing height on Valhall. Together with normal mobilization procedures, this implied that the rig was out of operation for 21 days in the quarter.
Regalia commenced the contract with Talisman at the Yme field in Norway on 1 November, after completing the contract at the Valhall field in the middle of October. In total, Regalia was off hire for 11 days in the fourth quarter.
Safe Astoria and Safe Esbjerg were idle in the fourth quarter.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 221.1 million in 2010. The company operates globally, employs 500 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com:
http://www.prosafe.com/.
Larnaca, 12 January 2012
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20/ +47 99 10 94 67
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Prosafe SE via Thomson Reuters ONE
