Songa Offshore: High Operational Efficiency in January

  • Business & Finance

Songa Offshore, an international offshore drilling company, has announced its rig fleet update for January 2014.

Songa Offshore High Operating Efficiency in January2

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Mubadala Petroleum in Malaysia.

Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Idemitsu in Vietnam.

Songa Trym achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Statoil in Norway.

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 94% during the month working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 95% working for Statoil in Norway.

The earnings efficiencies of the three rigs operating in the North Sea were all negatively impacted by the rigs earning a Waiting-on-Weather rate due to inclement weather for extended periods of the month.

[mappress]

Press Release, February 05, 2014

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