Songa Offshore, an international offshore drilling company, has announced its drilling rig fleet status update for March 2014.
Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia.
Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam.
Songa Trym achieved an operational efficiency of 93% and an earnings efficiency of 90% during the month working for Statoil in Norway. The earnings efficiency was negatively impacted due to an issue with a third party downhole equipment, and the rig earning a Waiting-on-Weather rate due to inclement weather for periods of the month.
Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 95% during the month working for Statoil in Norway. The rig was on Waiting-on-Weather rate for periods of the month.
Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 100% working for Statoil in Norway.
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Press Release, April 08, 2014