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Stocks•21 April 2026•

1 min read

Prosafe SE Reports Mixed Fleet Utilization for Q1 2026 Amid March Slowdown

Offshore oil rig with ships, oil barrels, and drilling equipment. Logos for ExxonMobil and Energean, map of Greece, and financial charts.

Key Facts

1Fleet utilization was 42% in March 2026 and 79% in the first quarter.

2Safe Eurus continued to operate at full capacity in Brazil with near 100% commercial uptime.

Prosafe SE has released its operational update for March 2026, revealing a fleet utilization rate of 42% for the month, while the overall first-quarter average stood at 79%. Despite the sharp monthly decline, the Safe Eurus vessel maintained exceptional performance in Brazil, achieving near 100% commercial uptime. This divergence between monthly and quarterly figures suggests potential idle time or scheduled maintenance for several vessels during the latter part of the period. Investors are closely monitoring the company's ability to secure consistent contract execution amid these operational fluctuations. While Brazilian operations remain a core revenue driver, the lower utilization in March may trigger short-term caution in the market. The company continues to provide these periodic updates to maintain transparency regarding its offshore asset performance.