Prosafe drops costs, extends contract

Repsol Sinopec Resources UK Ltd. (formerly Talisman Sinopec Energy UK) has exercised options to extend the charter of the Safe Boreas accomodation vessel by 44 days. 

In mid-March 2016, the Safe Boreas started a 245-day firm operational period at Montrose A in the UK sector of the North Sea.

The firm operational period will now continue through 6 January 2017, with Prosafe agreeing to reduce the option periods' day rate consistent with market conditions. Repsol Sinopec can further extend the operations of the Safe Boreas by weekly options. 

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