Prosafe said rising demand for its accommodation platforms in the North Sea and around the world had led to a rise in turnover and profits.
The Norwegian firm said operating revenue grew by more than 13% to £323million in 2012, while operating profits were up 16% at £141million. Pre-tax profits were £113million, a 13% rise.
Prosafe said rig utilisation last year was 82%, adding: “Oil companies continue to focus on increased recovery rate, which is leading to a growing amount of maintenance, upgrade and life extension projects requiring accommodation rig support.
“There is also an increasing amount of work related to hook-up and commissioning of new production installations.
“This is particularly visible in the North Sea market but there is also evidence of such developments in other markets.
“In summary, this has led to a busy market and a high number of prospects.
“There are several tenders currently outstanding, which should lead to a number of contract awards in the market during the winter and spring.”