Prosafe SE

M&A Activity • May 12, 2025

Prosafe SE: Safe Notos Declared Winner in Petrobras Tender

Prosafe SE: Safe Notos Declared Winner in Petrobras Tender

Prosafe has been declared the winner of a bidding process for a four-year

contract by Petróleo Brasileiro SA ('Petrobras') for the provision of the Safe

Notos semi-submersible vessel for safety and maintenance support offshore

Brazil. Contract award and timing are subject to a formal process during which

Petrobras is under no formal obligation to conclude a contract and other bidders

may appeal.

A contract, if awarded, has a firm period commitment of four years with the

operational commencement in September 2026 closely following on from the expiry

of the current Safe Notos contract that commenced in Q3 2022.

Total value of the contract is approximately USD 204 million.

The Safe Notos is a Dynamically Positioned (DP3) semi-submersible safety and

maintenance support (UMS) vessel, capable of operating in harsh environments.

The Safe Notos can accommodate up to 500 persons, has extensive recreation

facilities, a large crane capacity, large open deck area and a telescopic

gangway.

Terje Askvig, CEO of Prosafe says:?"The tender process with Petrobras resulted

in the Safe Notos being best placed, and after a qualification and negotiation

phase we are very pleased to be declared the winner. The Safe Notos is one of

the best performing UMS vessels for Petrobras, consistently delivering safe and

reliable operations. The contract, if awarded, demonstrates that the market is

strong in Brazil, with charter rates significantly increasing from those in the

recent past.

Prosafe will continue to be the leading provider of UMS vessels in Brazil and is

well positioned to increase its market share through continued best-in-market

delivery, close and valued partnership with Petrobras, and having units capable

of meeting all the requirements set out by both Petrobras and regulators."

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