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PRS Paternoster Res

0.095
0.00 (0.00%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paternoster Res LSE:PRS London Ordinary Share GB0001636918 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.095 0.09 0.10 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Prosafe 2Q Rig Use Rises To 86% Vs 76.6% In 1Q

13/07/2009 10:18am

Dow Jones News


Paternoster Resources (LSE:PRS)
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Rig company Prosafe (PRS.OS) Monday said its second-quarter rig utilization rate was 86%, up from 76.6% in the first quarter.

The MSV Regalia was at the Keppel Verolme yard in Rotterdam for the whole quarter undergoing a major refurbishment but has now started operation for BP (BP.LN) at the Valhall field.

During the quarter, Safe Concordia started operation for Pemex in the Gulf of Mexico. Safe Scandinavia operated for BP at Valhall until June 9, but is currently on a six- to seven-week outage for a five week-yard stay and mobilization before commencing a 65-day contract for Shell (RDSA) in the U.K. North Sea towards the end of this month.

Safe Astoria is in layup at the Kemaman yard in Malaysia, and is due to start a new contract in early November. All other rigs were fully utilized during the second quarter, Prosafe said.

The company has 12 units.

At 0822 GMT, Prosafe traded up NOK0.55, or 1.9%, at NOK29.33, beating the 0.59% decline on Oslo's OBX index.

Company Web site: www.prosafe.com

-By Elizabeth Adams, Dow Jones Newswires; +44 (0) 20 7842 9286; elizabeth.adams@dowjones.com

 
 

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