In May 2024, Prosafe announced the award of a Conditional Letter of Intent by an undisclosed client for the provision to provide gangway connected operations to support a project off the coast of Western Australia for a firm period of 15 months with up to six months of options.

Prosafe now advises that the contract has been signed. The Safe Boreas will mobilise from the North Sea within Q2 2025 and will undergo its five-yearly special periodic survey and other maintenance works prior to commencement of the contract.

The value of the contract remains at approximately USD 75 million to USD 100 million depending on options.

Terje Askvig, CEO of Prosafe says:
"Formalising this contract has been a result of close and positive collaboration. Prosafe is confident that the Safe Boreas industry leading operational and safety performance will be delivered once again."

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