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HISTORY
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Prosafe Production was first set up as Nortrans in Singapore in 1982 to design, manage and operate FPSOs. In 1985, the Company was awarded its first FSO contract and purchased and converted a 110,000 dwt crude oil tanker to a FSO for operation off Samudra Island, Indonesia. Prosafe Production engineered and produced its first turret mooring system in 1991 and has since built up considerable expertise with a proven portfolio of external and internal single point mooring systems, incorporating high-pressure multipath oil, gas and water swivels. Our in-house designed and engineered products also include disconnectable turret moorings and high pressure swivels. The first FPSO was converted in 1994 and the Company was first listed on the Oslo stock exchange as Nortrans Offshore in 1998. Nortrans Offshore was subsequently acquired by Prosafe ASA in 2001 and renamed Prosafe Production Pte Ltd. Prosafe SE (formerly Prosafe ASA) in early 2008 transferred all its floating production related assets to the Cyprus registered company Prosafe Production Public Limited. In May 2008, Prosafe Production Public Limited was spun off from Prosafe SE and listed on the Oslo Stock Exchange under ticker code PROD on 2 June. The Company is headquartered in Cyprus while its operational headquarters lie in Singapore. Prosafe Production now owns and operates a fleet of eight FPSOs and two FSOs in Brazil, New Zealand, Nigeria, Côte d'Ivoire, Gabon, Congo, India and Indonesia. The Group currently employs approximately 1,000 people, including contract personnel. |