Prosafe Secures Contract Extension in North Sea
Prosafe, a leading provider of offshore accommodation vessels, has successfully secured a contract extension with Ithaca Energy in the UK North Sea. The extension involves the Safe Caledonia, a vessel originally built in 1982 and upgraded in 2012, which will continue to provide accommodation support at the Captain field until mid-December 2025. This extension is valued at approximately $1.8 million and includes additional options for further service.
Details of the Contract Extension
The recent agreement allows Ithaca Energy to exercise two weeks of options for the Safe Caledonia, which has been operational in the UK Continental Shelf (UKCS) for over a decade. The initial contract was signed in late August of the previous year, with operations at the Captain field commencing in June 2025. Originally intended to last for six months, the contract now includes an additional 10 weeks of options, potentially extending the vessel’s stay even further.
The total value of the contract, if all options are utilized, could rise significantly from its original $26 million to an impressive $37 million. The Safe Caledonia has a proven track record, having previously secured contracts in various international locations, including Mexico, Nigeria, and Australia. This extension not only highlights the vessel’s reliability but also underscores Prosafe’s strategic partnership with Ithaca Energy in supporting offshore operations in the North Sea.
As the offshore energy sector continues to evolve, Prosafe remains committed to providing essential accommodation solutions, ensuring that operations run smoothly and efficiently in challenging environments.
