Business
Prosafe SE: Operational update - February 2026
Prosafe SE: Operational update - February
About this update from Prosafe Se
23 Mar 2026 08:00 CET Subscribe Issuer Prosafe SE 23 March 2026 - Fleet utilisation for February 2026 was 96%. In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100 % commercial uptime. In early- March, Safe Zephyrus and Safe Notos both commenced scheduled special periodic surveys (SPS), upgrade and maint enance work. Safe Boreas continued to receive full day rate, awaiting commencement of the 15- month firm period upon gangway connection, which is delayed and expected now during the second quarter. Safe Caledonia had 79% utilisation at the Captain Field in the UK. Commercial uptime was 100% until the vessel disconnected on 22 February, completing nine months of safe, reliable operations for Ithaca Energy. Safe Caledonia subsequently mobilised to Scapa Flow, UK, pending future work. The vessel has a Letter of Intent (LoI) from Ithaca Energy for 6 months firm and 3 months of options from the second quarter of 2027. "The Safe Zephyrus and Safe Notos SPSs are progressing well with a focus on the safest and most efficient project delivery possible. Once completed in April, both vessels will resume their respective contracts with Petrobras. In the North Sea, the Safe Caledonia demobilised from the Captain field in late February after successfully completing Ithaca Energy Contract. We continue to consider opportunities to bridge the gap until 2027, and the potential for work in 2028 and thereafter. We remain optimistic regarding the market outlook and expect continued strong demand and increasing day rates." said Reese McNeel, CEO of Prosafe. 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 https://www.prosafe.com ( https://www.prosafe.com/) For further information, please contact: Reese McNeel, CEO Phone: +47?415 08?186 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act More information: Access the news on Oslo Bors NewsWeb site Source Prosafe SE Provider Oslo Børs Newspoint Company Name PROSAFE ISIN NO0010861990 Symbol PRS Market Euronext Oslo Børs Company press releases subscription × To subscribe to Press releases from this issuer, visit the Subscription to Company news section in your account section or create an account . Cancel