FPSO Ningaloo Vision left Singapore this morning, and is now en route to Australia, where she is expected to arrive towards the end of December. The sail-away was postponed from late November due to technical challenges on one of the top-side packages.

FPSO Ningaloo Vision is employed by Apache for production at the Van Gogh field off the Northwestern coast of Australia. The contract has a fixed term of seven years plus eight years of extension options.

About Prosafe Production
Prosafe Production is a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of operational experience from several of the world’s largest oil and gas provinces. The company has a good operational uptime track record and possesses a range of proprietary FPSO-related technologies. Prosafe Production operates globally and employs approximately 1,000 employees from more than 40 countries. Headquartered in Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD. Please refer to www.prosafeproduction.com for more details.

Limassol, 18 December 2009
Prosafe Production Public Limited

For further information please contact:

Bjørn Henriksen, President and CEO
Phone: +65 9751 8460
E-mail: bjorn.henriksen@prosafeproduction.com

Sven Børre Larsen, Executive VP and CFO
Phone: +65 9657 2590
E-mail: sven.larsen@prosafeproduction.com