2012-02-13 08:55:12 -

Reference is made to press releases published on 8 March 2011 and 28 June 2011.
Talisman Energy Norge AS has extended the contract for the Regalia at the Yme
field until end August 2012.

The extension of 198 days has a gross value of USD 57.4 million, bringing the
total contract value up to USD 91.4 million. Consequently, the contract with
Talisman Energy (UK) Limited for the provision of Regalia in the UK North Sea in
2012 has been terminated.

For contract and day rate details, please refer to Prosafe's
website: www.prosafe.com/category.php?categoryID=482

Prosafe is the world's leading owner and operator of semi-submersible
accommodation/service rigs. Operating profit reached USD 221.1 million in 2010.
The company operates globally, employs 500 people and is headquartered in
Larnaca, Cyprus. Prosafe is listed on the Oslo Stock   Exchange with ticker code
PRS. For more information, please refer towww.prosafe.com.

Larnaca, 13 February 2012
Georgina Georgiou, General Manager
Prosafe SE


For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: + 47 51 64 25 81

Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 30

Cecilie Helland Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






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(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Prosafe SE via Thomson Reuters ONE

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