Songa Offshore SE : New Board of Directors

Songa Offshore SE : New Board of Directors

ID: 267550

(Thomson Reuters ONE) -


(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.



* 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]




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Datum: 07.06.2013 - 10:57 Uhr
Sprache: Deutsch
News-ID 267550
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