Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,365.09 102.53 0.63%
S&P 500 1,854.10 11.12 0.60%
NASDAQ 4,055.63 21.47 0.53%
Ticker Volume Price Price Delta
STOXX 50 3,128.83 37.31 1.21%
FTSE 100 6,577.50 35.89 0.55%
DAX 9,285.94 112.23 1.22%
Ticker Volume Price Price Delta
NIKKEI 14,417.68 420.87 3.01%
TOPIX 1,166.55 30.46 2.68%
HANG SENG 22,696.01 24.75 0.11%

Songa Offshore SE : Songa Offshore SE : New Board of Directors



        Songa Offshore SE : Songa Offshore SE : New Board of Directors

(Limassol, Cyprus, June 7th,   2014) Mr. Michael  Mannering, President of  the 
Rig Management Group at Schlumberger, was today elected Chairman of the  Board 
of Directors of Songa Offshore SE (OSE: SONG) at the company's annual  general 
meeting today. Mr. Mannering, who succeeds Jens A Wilhelmsen, has more than 30
years experience from the international drilling industry. He is also Chairman
of Saxon Energy Services, a  Canadian based international drilling  contractor 
with 95 land rigs, and sits on the board of Schlumberger Oilfield UK.

  o Few, if any, have more extensive experience from international drilling
    than Mike Mannering. With the re-election of current directors Steven
    James McTiernan and Arnaud Bobillier, Songa now has a world-class board -
    perhaps the most experienced of all comparable rig operators, says CEO
    Bjørnar Iversen. 

Songa's  largest  shareholder,  Frederik  Wilhelm  Mohn,  was  elected  as new 
Director.  In  addition  the  board  comprises  Arne  Blystad  and  Mrs  Nancy 
Erotocritou who were all/both re-elected.

Songa currently  operates five  mid deep  water rigs,  three of  which are  on 
contracts with Statoil  in the North  Sea. In addition,  the company has  four 
Category D rigs under construction in South Korea.

Songa is a company with great industrial  potential. At the same time, we  do, 
however, also have a  need to find  good solutions for  financing of the  four 
new-builds.  In  this  context,  the  new  board's  extensive  financial   and 
operational experience represent a  significant strengthening of the  company, 
says
Mr. Bjornar Iversen.

For further information, please contact:

CEO Bjørnar Iversen, Mobile phone +47 932 40 417

 
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

------------------------------------------------------------------------------

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#1707960
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement