Songa Offshore SE reports total revenue for the third quarter 2015 of USD 124 million and EBITDA of USD 64 million.
"The Cat D project has advanced to another phase with Songa Equinox arriving in Norway in October and progress of mobilization and construction of the other newbuilds on track. We target to get Songa Equinox on dayrate late November at the same time as Songa Endurance will arrive in Norway and we take delivery of Songa Encourage. Clients acceptance testing and the Acknowledgement of Compliance (AoC) process are both progressing well. We are also satisfied to see that our existing fleet continues to deliver high uptime, as well as safe and cost efficient operations", says Songa Offshore CEO, Bjørnar Iversen.
Please find attached the Report and the Presentation for the third quarter 2015.
6 November 2015
Limassol, Cyprus
Board of Directors
Songa Offshore SE
Questions should be directed to:
Bjørnar Iversen, CEO (+357 99649152)
Jan Rune Steinsland, CFO (+47 97052533)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.