Prosafe SE

Prosafe SE: Safe Zephyrus chartered by BP for summer 2019

BP Exploration Operating Company Limited ('BP') has chartered the Safe Zephyrus

to provide gangway connected operations supporting the completion of some post

first oil scopes in summer months when the weather is favourable at the Clair

Ridge platform West of Shetland in the UK sector of the North Sea. The firm

duration of the contract commencing mid-May 2019 is five months with a one-month

option and directly follows the completion of the Johan Sverdrup contract.

The Safe Zephyrus is one of the world's most advanced and versatile

accommodation vessels, complying with stringent rules in both UK and Norway. The

contract will be performed using dynamic positioning, affording BP flexibility

and high bed capacity throughout operations.

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

19 million.

Jesper Kragh Andresen, CEO of Prosafe says: "For the second year in a row

Prosafe will be providing BP with a high quality vessel at Clair Ridge. The Safe

Zephyrus' track record of gangway connected operations is second to none since

her delivery in 2016, and together with the Prosafe team represents the best the

industry can offer."

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

Stavanger, 11 October 2018

Prosafe SE

For further information, please contact:

Jesper K. Andresen, CEO

Phone: +47 907 65 155

Stig Harry Christiansen, Deputy CEO and CFO

Phone: +47 478 07 813

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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