Prosafe gets FPSO letter of intent

A letter of intent was awarded to Prosafe for conversion and operation of a deepwater FPSO.
Oct. 6, 2006

Offshore staff

STAVANGER, Norway -- A letter of intent was awarded to Prosafe for conversion and operation of a deepwater FPSO. The client was not disclosed.

If the contract is signed, it will be for seven years plus options up to 15 years. The firm time value is $332 million.

10/6/06

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