Bussiness News

Songa Venus has achieved operating efficiency of 97% during the month; the rig is currently working on the first out of 3 firm wells for Shell Development (Australia).

Songa Mercur has during the month continued carrying out its 5 yearly SPS in Singapore, the rig successfully completed earlier announced dry dock repairs at Keppel FELS and is currently in process of finalizing and completing SPS inspections and work. The rig is scheduled to complete client required modifications and upgrades by 10 May and will then commence tow from Singapore for upcoming one well Gazflot contract in Sakhalin, Russia.

Songa Saturn has achieved operating efficiency of 97% during the month. The rig completed the second of two firm wells for CNOOC in Equatorial Guinea and commenced de-mobilization back to Malta on 20 April with estimated arrival 12 May. The Company continues to actively market the rig and has received positive indications from clients for onwards work with only limited waiting periods between contracts.

Songa Dee has achieved operating efficiency of 97% during the month, the rig continues to operate for Marathon and Lundin in Norway, a scheduled maintenance period of approx 2 days took place during the month.  

Songa Delta has achieved operating efficiency of 99% during the month; the rig is currently working for Wintershall and Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 100% during the month; the rig continues to operate for Statoil in Norway. 

As per separate announcements the Company earlier in the month entered into an agreement with Deepwater Driller Ltd for acquisition of 31.25% of that company's shares. Also as part of the mentioned agreement, Songa Offshore took contractual responsibility for construction, marketing and operation of their 10.000 ft UWD unit currently being built at Jurong shipyard in Singapore. The rig has now been renamed SONGA ECLIPSE, and future fleet updates will cover status and progress of this unit in addition to the above listed 100% Songa Offshore SE owned rigs.