Prosafe reports best fleet utilization since 2015

Norwegian hotel rig provider Prosafe, which completed a large-scale restructuring in December, comes out of 2021 with the highest fleet utilization in six years.

Photo: PR / Prosafe

In the fourth quarter, Prosafe more than doubled utilization of its fleet, and overall, the hotel rig provider enters 2022 with its highest utilization degree since 2015, the company writes in an update to the Euronext Growth exchange in Oslo.

The utilization of Prosafe’s fleet of so-called accommodation rigs, used for housing at offshore facilities, landed at 59.3 percent in Q4 2021, an increase from 25 percent compared to Q4 2020.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall secures public funding for hydrogen venture in the UK

By producing hydrogen directly from turbines, the utility wants to reduce energy loss and save money. The company has just received state subsidies to develop the first turbine of this kind in the UK, providing a much more efficient solution than other alternatives, says CEO Anna Borg.

Further reading

Related articles

Latest News

See all jobs