Reese McNeel
Chief Executive Officer
Hello, and welcome, everyone, to this Q1 presentation for Prosafe. I’m Reese McNeel, I’m the CEO. And I have also here with me today Halvdan , our CFO, and welcome again to the presentation. We’re going to run through the presentation. If there’s questions, please send them to us by e-mail and we’ll pick that up with a Q&A session at the end of this presentation.
We’d like to start off the presentation for this quarter, talking a little bit about what we’ve got done this quarter. I’ve been very impressed by how the team has delivered this quarter. First, touching briefly on operations. It was a quarter where we had all of the rigs operating, Caledonia, she extended through, got all of her options and successfully demobilized and we also got Boreas fully on hire during the quarter. And we saw 2 units due to the SPS. I’ll talk a little bit about all this later. But I think from an operations perspective, it was a very successful quarter for us.
I think also financially Halvdan will talk a bit more on that, but I think you see a very strong quarter. driven largely by the utilization, of course, of having all the rigs working. And I think we’ll touch a little bit on liquidity, but I think also very positive liquidity inevitably some due to working cap. If we look ahead, maybe what’s exciting me most is really the market outlook. I’ll spend most of my time today me talking a bit about that market. some really positive developments there. And I think we are reiterating in this call also our guidance for the year at $45 million