Songa Offshore SE : January fleet update

Songa Offshore SE : January fleet update

ID: 449440

(Thomson Reuters ONE) -


Songa Dee achieved an operational efficiency of 100% and an earnings efficiency
of 98% working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings
efficiency of 98% for the month working for Statoil in Norway.

Songa Trym is currently being stacked, while marketed for new employment,
following early cancellation of the drilling contract.

Songa Equinox achieved an operational efficiency of 46% and an earnings
efficiency of 45% working for Statoil in Norway. The rig performed weather
related repairs until 12 January when it returned to operations. From 22 January
the rig experienced further unplanned BOP related downtime. Songa Equinox was
back on operating rate on 5 February 2016.

Songa Endurance achieved an operational efficiency of 11% and an earnings
efficiency of 11% for the month, working for Statoil in Norway. Songa Endurance
experienced BOP equipment failure while performing a final test on location the
first week in January. This was repaired during the month and the rig was back
on operating rate on 5 February 2016.

Songa Offshore took delivery of Songa Encourage on 16 December 2015. The rig is
en route from Korea to Norway and is currently outside Angola heading towards
Las Palmas .

Songa Enabler is scheduled to be delivered to the company late March 2016.


9 February, 2016
Limassol, Cyprus


This information is subject to 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#1984602]




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Bereitgestellt von Benutzer: hugin
Datum: 09.02.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 449440
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