Songa Offshore Maintains High Operational Efficiency

Songa Offshore SE, an international offshore drilling contractor, has delivered its operational update.

Songa Offshore Maintains High Operational Efficiency
Songa Trym

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway.

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

Songa Trym achieved an operational efficiency of 95% and an earnings efficiency of 94% during the month working for Statoil in Norway. The rig has been on rig move between two locations and the down time is related to in-between well maintenance prior to deployment of the BOP.

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 96% in the period 1 to 6 May 2014, working for Mubadala Petroleum in Malaysia. The rig went off contract on 6 May 2014, and is now stacked in Labuan, Malaysia, where it pursues future work.

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

Press Release, June 06, 2014

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