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CORPORATE STRATEGY

The company intends to continue strengthening and developing its leading positions in floating production. In this context, investments in businesses and assets with the potential of increasing the growth rate and earnings potential within its core businesses will be considered.

Prosafe Production aims to be the leading player in the segment for owning, converting and operating FPSO units worldwide. The company will be the best FPSO player over time in terms of safe, efficient and profitable operations. It is Prosafe Production's ambition to deliver the highest uptime of production facilities in the FPSO industry.

Through securing new projects and focusing on increasing its engineering capacity and technology base, Prosafe Production is positioned in the top segment of the FPSO market where competition is less fierce and barriers of entry high. The players in this segment possess significant engineering resources as well as proprietary technology.

The company's geographical priority areas are West Africa, Australasia and Brazil. At the same time, its long-term ambition is to create supplementary volume from the sale of technology developed in-house.

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