Cyprus: Songa Offshore Receives LOA from Petronas

Songa Offshore SE announces that the Company has received a Letter Of Award (LOA) from Petronas Carigali SDN.

BHD for the use of Songa Venus for a 1 year firm plus 1 year option Drilling Contract. The LOA is conditional to mutual agreement of contract terms between the parties. The firm part of the contract has an aggregated revenue value of approximately USD 82 million. The contract commencement is estimated to August 2011.

[mappress]
Source: Songa Offshore , July 8, 2011;