Prosafe SE

M&A Activity • Jan 9, 2025

Prosafe SE: Safe Zephyrus contract extension with Petrobras

Prosafe SE: Safe Zephyrus contract extension with Petrobras

09 January 2025 - Prosafe has signed a contract extension with Petróleo

Brasileiro S.A. ('Petrobras') for the provision of the Safe Zephyrus semi-

submersible vessel for safety and maintenance support offshore Brazil.

The original 650-day firm period was due to complete in February 2025, but has

been extended by 954 days resulting in operations into September 2027 with an

increase in the fuel allowance from 20m(3) to 25m(3) per day through the

extension.

Total value of the contract extension is approximately USD 109.7 million.

Terje Askvig, CEO of Prosafe says:?"The Safe Zephyrus has been performing

extremely well for Petrobras, serving its role supporting safety and maintenance

within the important Buzios business unit offshore Brazil. This significant

extension emphasises the continued and increasing demand for high specification

units in the region where Prosafe is well placed to increase its market share."

For further information, please contact:

Terje Askvig, CEO

Phone: +47 952 03 886

Reese McNeel, CFO

Phone: +47 415 08 186

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act