Songa Offshore Reports High Rig Operating Efficiency in December

Songa Offshore, an international offshore drilling company, has announced its rig fleed update for December 2013.

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 eniVietnam.

Songa Trym achieved an operational efficiency of 98% and an earnings efficiency of 89% during the month working for Statoil in Norway. The earnings efficiency has been negatively impacted primarily by a rig move from the Snilhorn to the Juv location on Moving Rate during inclement weather. Songa Trym has now moved to the well location while waiting for suitable weather window to commence anchor handling operations.

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 95% during the month working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 97% working for Statoil in Norway.

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Press Release, January 08, 2014