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Prosafe loses court battle for hotel rig

Floatel company Prosafe has been sentenced to pay almost NOK 500 million back in a case involving a retrofitted hotel rig. Prosafe had originally appealed, but the Norwegian supreme court rejected the appeal.

Photo: PR / Prosafe

Prosafe, which rents out accommodation vessels for the oil sector, must pay approximately NOK 465 million (USD 53.4 million) back to the shipyard Westcon.

The verdict was handed down in April, after which Prosafe chose to appeal the ruling to Norway's Supreme Court. However, the appeal case has now been rejected, according to an announcement from the Oslo Stock Exchange.

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