Songa Offshore SE : Cat D update
(Thomson Reuters ONE) -
Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) has delivered notices
of arbitration in respect of the construction contracts for Songa Offshore's Cat
D-rigs. No details regarding the dispute have been included by DSME in the
notices. As informed by Songa Offshore (the "Company") in its first quarter
2015 interim financial report, DSME has experienced significant delays and cost
overruns during the Cat D project. Irrespective of that, the Company continues
to be of the view that any attempt to recover cost overruns is of no merit and
will defend its position vigorously.
Further details will be provided as and when appropriate.
15 July 2015
Limassol, Cyprus
For further information, please contact:
Bjørnar Iversen, CEO (+357 996 49 152)
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1938867]
Unternehmensinformation / Kurzprofil:
Datum: 15.07.2015 - 08:40 Uhr
Sprache: Deutsch
News-ID 406888
Anzahl Zeichen: 1571
contact information:
Town:
Oslo
Kategorie:
Business News
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