Songa Offshore SE : July 2016 fleet update
Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.
Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 94% for the month, working for Statoil in Norway. The previously announced suspension for the rig commenced on 27 July 2016 and is estimated to last until 15 August 2016.
Songa Trym is currently stacked, while marketed for new employment.
Songa Equinox achieved an operational efficiency of 98% and an earnings efficiency of 97%, working for Statoil in Norway.
Songa Endurance achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.
Songa Encourage achieved an operational efficiency of 100% and an earnings efficiency of 98% for the month, working for Statoil in Norway.
Songa Enabler commenced drilling operations on 29 July 2016 and achieved an operational efficiency of 100% and an earnings efficiency of 100% for the operational part of the month, working for Statoil in Norway.
5 August 2016
Limassol, Cyprus
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Source: Songa Offshore SE via GlobeNewswire
