Prosafe SE

Regulatory Filings • Feb 27, 2021

Prosafe SE: Safe Boreas to provide accommodation support at Buzzard

Prosafe SE: Safe Boreas to provide accommodation support at Buzzard

Prosafe has signed a contract with CNOOC Petroleum Europe Limited for the

charter of the Safe Boreas to provide gangway connected operations supporting

the Buzzard platform complex in the UK sector of the North Sea. The firm

duration of the contract commencing mid-April 2021 is 100 days with three 30-day

options.

The Safe Boreas will perform the gangway connected work scope using dynamic

positioning, providing CNOOC Petroleum Europe Limited flexibility in operation.

Total value of the contract excluding the option periods is approximately USD

8.5 million.

Jesper Kragh Andresen, CEO of Prosafe says: "The Safe Boreas will strive to

offer CNOOC the highest level of service. The Safe Boreas has operated

extensively in the UKCS and will provide the safest working environment."

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 www.prosafe.com (http://www.prosafe.com)

Stavanger, 27 February 2021

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 51 65 24 30 / +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 51 64 25 17 / +47 478 07 813

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act