Floatel's fleet counts five units, each with capacity of 440-550 beds.
We are pleased that Floatel International has chosen us for the assignment.
Prosafe's current contracts on the Norwegian continental
shelf expire during the first half of 2019, while Floatel's contracts in the same region expire in Q3
2020 including options.
Recently, the Bombay High Court had declined permission to a private operator for
building a jetty to launch seaplane services and a Floatel since it did not get the green signal
from the Navy's Western Naval Command, ostensibly for security reasons.
In addition, Prosafe recently announced a three-year contract for the Safe Eurus in Brazil which
adds about USD 80m to the contract backlog, while Floatel has recently been awarded a 4-month extension at
Martin Linge which adds a further USD 22m to the contract backlog.
Gadkari's remarks came days after the Bombay High Court declined permission to a private operator for
building a jetty to launch seaplane services and a Floatel since it did not get the green signal
of the Indian Navy's Western Naval Command, ostensibly for security reasons.