Cyprus-based Prosafe, the world’s leading owner and operator of semi-submersible accommodation/service rigs, has received a Notice of Award for a minimum nine-month contract by Shell Philippines Exploration B.V. (‘SPEX’) for the use of the Safe Astoria unit.
Shell will use the Safe Astoria for accommodation support at the Malampaya Phase 3 Depletion Compression Project offshore Palawan, Philippines. On site operations are expected to start within Q2/Q3 2014. In addition, Prosafe has granted SPEX three additional one-month options.
SPEX has been given two different contract alternatives to chose from. It can select a structure with 11-month firm period plus options, or 12-month firm period plus options. Total value of the contract will be between USD 58.1 million and USD 70.5 million depending on which alternative is selected.
[mappress] Offshore Energy Today Staff, March 12, 2012; Image: Prosafe