Prosafe inks flotel contract with Ithaca Energy in the UK North Sea

Offshore accommodation vessel specialist Prosafe has firmed up a deal to support Ithaca Energy’s work in the UK North Sea.

The Oslo-listed owner and operator of six accommodation units and one tender support vessel received a letter of intent from Ithaca Energy for the charter of the Safe Caledonia back in July.

According to the company, the contract has been signed, and the accommodation vessel will work for Ithaca Energy at the Captain field in the UK sector of the North Sea for a firm period of six months commencing June 2025.

Depending on whether Ithaca uses the three months of options attached to the deal or not the contract value will vary between $26m and $37m.

The 1982-built and 2012-upgraded unit will undergo its five-yearly special periodic survey and other maintenance works before the contract kicks in. The unit has operated in the UKCS continuously for over 10 years and has also previously secured contracts in Mexico, Nigeria, and Australia.

This is the second contract Prosafe firmed up within a week. It put pen to paper on a 15-month deal for the Safe Boreas with an undisclosed client to support a project off the coast of Western Australia. That contract has up to six months of extension options.

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