Songa Offshore SE : Songa Offshore SE : December fleet update

        Songa Offshore SE : Songa Offshore SE : December fleet update

Songa Venus achieved an operating efficiency of 100% during the month
continuing working for Petronas Carigali in Malaysia.

Songa Mercur achieved an operating efficiency of 98% during the month
continuing working for Zarubezhneft in Cuba.

Songa Dee achieved an operating efficiency of 98% during the month continuing
working for Statoil.

Songa Delta achieved an operating efficiency of 95% during the month,
continuing working for Statoil.

Songa Eclipse achieved an operating efficiency of 98% during the month
continuing working for Total E/P Angola. In accordance with separate
announcement, the rig was delivered to Seadrill on January 3, 2013. 

Songa Trym completed its yard stay at CCB during the period.  Non-conformities
identified in the Petroleum Safety Authority's (Petroleumstilynet) audit of
November 15, 2012 have been corrected and addressed. The rig moved off the
yard to the fjord outside CCB January 2, 2013.  The rig has since undergone
incline testing, and is in process of completing final parts of drilling
equipment package and getting its blow-out preventers (BOP) lifted on board
prior to client acceptance testing. The estimated total cost for the yard stay
for Songa is USD 205 million (total cost is estimated to approximately $260
million which includes $55 million reimbursed from the client). The work is
anticipated to be completed by the end of January, and the rig will thereafter
enter into a 3+2 year contract with Statoil under direct Songa Offshore
management.

15 January 2013
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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Source: Songa Offshore SE via Thomson Reuters ONE
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