Prosafe SE: Safe Zephyrus contract signed with Petrobras

08 Dec 2022 06:45 CET

Prosafe has signed a contract with Petróleo Brasileiro SA ('Petrobras') for the
provision of the Safe Zephyrus semi-submersible vessel for safety and
maintenance support offshore Brazil.

The contract has a firm period commitment of 650 days and an early commencement
date of 1 May 2023 has been agreed. The contract value is approximately USD 73
million (equivalent to USD 112,500 per day).

The Safe Zephyrus is one of the world's most advanced and versatile
accommodation vessels, complying with stringent rules in both UK and Norway and
with a strong focus on reducing emissions by optimising the engine load. The
Safe Zephyrus will commence mobilisation to Brazil soon after conclusion of her
current contract in the North Sea mid-December 2022. Certain contract and
regulatory compliance scopes will be performed en-route to ensure an efficient
contract commencement.

Jesper Kragh Andresen, CEO of Prosafe says: "With both the Safe Notos and Safe
Eurus operating on long term contracts with Petrobras, there are clear synergies
when introducing the Safe Zephyrus into Brazil. Prosafe very much looks forward
to continuing our long standing relationship with Petrobras, in a region where
both rates and demand are increasing."

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

Stavanger, 8 December 2022
Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155

Reese McNeel, CFO
Phone: +47 47 51 64 25 17 / +47 415 08 186

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

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