Prosafe eyes a market headed for normalization

Offshore company Prosafe has replaced a deficit with a profit on the bottom line in the second quarter. The market could be headed toward normalization, writes Prosafe.

Prosafe, which leases accommodation rigs to the offshore industry, reports a second quarter with higher rates and increasing activity in the otherwise strained oil and gas sector.

Prosafe replaced a deficit of USD 33 million with a profit of USD 7.4 million in the second quarter 2018, shows the second quarter interim report.

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