The contract confirms the letter of intent which was signed between Prosafe and Aker Kvaerner Offshore Partners in March 2007, for a firm period of seven months with an additional one month option.
Prosafe said that the contract calls for a firm utilization period of nine months and three weeks with an additional three weeks option.
The MSV Regalia will commence on-site operations in January 2008. Total value of the contract excluding the option period is estimated to be around $63 million.
