Songa Offshore Maintains High Operational Efficiency

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

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