July 7, 2016 / 4:05 PM / 2 years ago

BRIEF-Prosafe: amendment and contract extension signed with Petrobras

July 7 (Reuters) - Prosafe Se

* Prosafe has signed contract amendments and an extension with Petrobras Netherlands

* The semi-submersible accommodation vessel Safe Eurus will now be substituted by her sister vessel Safe Notos and will commence its contract with Petrobras at an earlier date within Q4 2016

* The commencement of operations had previously been agreed to be within Q1 2017

* In addition the original contract will now be extended from the original duration of 3 years by an additional 222 days

* The total value of the extended Safe Notos contract is now approximately USD 189 million

* As part of the same agreement, Prosafe has agreed a dayrate reduction of approximately 14 per cent for the Safe Concordia from Q2 2016 and provide Petrobras the option to early terminate the Safe Concordia contract on commencement of Safe Notos operations Further company coverage: (Reporting By Stine Jacobsen)

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