Songa Offshore SE : Songa Mercur secures contract with Zarubezhneft

Songa Offshore SE : Songa Mercur secures contract with Zarubezhneft

ID: 159030

(Thomson Reuters ONE) -


Songa Offshore SE is pleased to announce that a firm contract for the use of
Songa Mercur has been agreed and signed with Zarubezhneft, a public joint stock
company of Russia. The contract covers the use of the Songa Mercur for
Zarubezhneft's upcoming drilling campaign offshore Cuba.
The contract will commence 1 July 2012, at which point the rig will depart
Malaysia after completion of intermediate SPS activities.  The rig will remain
in Trinidad at a standby rate until the drilling program commences late November
2012.  The firm contract is for 325 days with minimum aggregate total revenue of
approximately $88 million, inclusive of mobilization elements.  The revenue
value may increase depending upon the actual operational commencement date and
any extension of the drilling program for well testing or other operational
considerations.

Limassol, 22 June 2012

Questions should be directed to:
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32


This information is subject of the disclosure requirements pursuant to section
5-12 of the 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#1621333]




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Bereitgestellt von Benutzer: hugin
Datum: 22.06.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 159030
Anzahl Zeichen: 1763

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