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Prosafe ( (GB:0J5Y) ) has provided an update.
Prosafe reported 100% fleet utilisation in January 2026, with its key accommodation vessels in Brazil and the UK delivering near-perfect commercial uptime. The Safe Eurus, Safe Notos and Safe Zephyrus operated at full capacity offshore Brazil, while Safe Caledonia maintained uninterrupted performance on Ithaca Energy’s Captain Field contract in the North Sea until its completion on 22 February.
Safe Caledonia has secured a Letter of Intent from Ithaca Energy for a new six-month firm contract, plus three months of options starting in the second quarter of 2027, and Prosafe is exploring work to bridge the gap until then and beyond 2028. Safe Boreas continued to earn full day rate while awaiting gangway connection to start a 15‑month firm period, and management highlighted plans to lock in higher day rates, improve efficiencies and reduce costs to support revenue growth, cash generation and long-term value creation.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels serving offshore energy fields, primarily in markets such as Brazil and the North Sea. Listed on the Oslo Stock Exchange under ticker PRS, the company focuses on high-end units that provide accommodation support and gangway connectivity for oil and gas operators, positioning itself to benefit from strong demand for offshore support services.
Average Trading Volume: 1,277,381
Current Market Cap: NOK1.28B
See more data about 0J5Y stock on TipRanks’ Stock Analysis page.