27th February 2019 SB1 Markets Energy Conference 2019
Prosafe anno 2019 Transformed and repositioned o Worlds largest fleet of offshore accommodation vessels (8+3 units*) 1 Modernized the fleet o Cosco transaction: Add three versatile units with global reach o 50% of the fleet will be…
Activity increased significantly in 18high activity summer 19 Number of contracts Contract months Comments Awards in 2018 offer activity rebound in to 2019: In 2018 Prosafe saw more than a doubling in the number of new contract…
Contract status Contract backlog Recent news Safe Caledonia 80 days firm award with a 30-day option with a major oil and gas operator, UKCS. Ability to substitute the vessel with another from within the fleet; Summer 2020 Regalia…
Order backlog Prosafes firm backlog was USD 209 Order Backlog (USD million) million per end Q4 2018 1400 Awarded 41% and 76%, respectively, of global and North Sea contracts bid 1200 593 for last 6 years 1000 564 518 800 481…
Prospects & tendering 3 year lookout Global opportunities Tendering activity 3 year profile 13 tenders ongoing for 2019 through 2021 12 tenders with commencement dates in 2019 21 North Sea prospects with high probability of going…
Summary Clear strategy Transformed and refinanced Largest and most versatile fleet globally Sufficient financial runway Good contract coverage in prime season 2019 Positive macros will hopefully support a gradual recovery across…
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