Skip to main content

Prosafe SE: Safe Caledonia awarded Letter of Intent for 2027 operations

Written by Customer Service on . Posted in Public Companies.

Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) Limited for the charter of the Safe Caledonia to provide gangway connected accommodation support at the Captain field in the UK sector of the North Sea.

The firm duration of the contract commencing within Q2 2027 is 6 months with up to 3 months of options, with final contract award expected in Q1 2026.

The value of the contract linked to the LoI is approximately USD 30 million to USD 44 million depending on options.

Reese McNeel, CEO of Prosafe says: “The Safe Caledonia has been providing high quality accommodation support with class leading gangway connectivity at the Captain facility since June 2025 and has been extended to early February 2026. This LoI for operations in 2027 is a real testament to the capabilities of both vessel and crew in the demanding North Sea environment, and the strong relationship Prosafe has with Ithaca Energy.”

For further information, please contact:

Reese McNeel, CEO

Phone: +47 415 08 186

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Reese McNeel, CEO, on 18 December 2025, at approx. 09:00 CET. 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.