Songa Offshore SE : Songa Enabler suspended

Statoil will suspend the Songa Enabler contract when the current well on the Snöhvit field in the Barents Sea is completed, with the earliest estimate to be from the end of November 2016 according to the current drilling schedule. The expected resumption of drilling operations is currently the start of the Blåmann well 1 April 2017. Statoil is working to revise the existing drilling schedule with focus on an earliest possible date for resumption of work.
The rig will go on 75% suspension rate (USD 343.000 per day). The Company will minimize the overall financial impact through the suspension period with reduced manning and reduced activity level.
Limassol, Cyprus
31 October, 2016

For further information, please contact:
Bjørnar Iversen, CEO (+357 996 49 152)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Songa Offshore SE via GlobeNewswire