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Songa Offshore SE : Songa Offshore SE : Handover of Songa Eclipse



      Songa Offshore SE : Songa Offshore SE : Handover of Songa Eclipse

Songa Offshore SE ("Songa") has today finalised the formal handover of Songa
Eclipse to Seadrill in line with the Memorandum of Agreement from November
2012. 

As previously reported, Songa's net proceeds from the sale is USD 590 million.
After repayment of debt, the net cash effect from the sale proceeds will be
approximately USD 285 million.

With the handover of Songa Eclipse now completed, Songa has further
strengthened its position to become a leading international mid-water rig
operator, says interim CEO and chairman of the board, Jens A Wilhelmsen.

3 January 2012

Limassol, Cyprus

 

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

 

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Songa Offshore SE via Thomson Reuters ONE
HUG#1668177
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