The Songa Venus achieved operating efficiency of 38% during the month, the rig
returned into operations after successful BOP (Blow Out Preventer) repairs and
testing on 18 June and has since continued its work on the first out of 3 firm
wells for Shell Development (Australia).
Songa Mercur achieved operating efficiency of 100% during the month; the rig
completed its transit to Sakhalin Island, Russia and anchored up on location 18
June for the one well Gazflot contract.
Songa Saturn remains warm stacked at Malta anchorage undergoing regular
maintenance and operational preparedness for future contracts; the Company
continues to actively market the rig.
Songa Dee achieved operating efficiency of 91% during the month; the rig
continues to operate for Marathon / Lundin in Norway. Marathon / Lundin did not
exercise its 6 month optional contract extension and the rig is currently being
marketed with availability late Q2Â 2011.
Songa Delta has achieved operating efficiency of 99% during the month; the rig
continues to operate for Wintershall / Det Norske Oljeselskap in Norway.
Songa Trym has achieved operating efficiency of 99% during the month; the rig
continues to operate for Statoil in Norway.
Songa Eclipse is under construction at Jurong Shipyard Singapore. Mating of
upper and lower hull sections was completed during the month and the rig floated
out of dry dock for drilling package installations and outfitting, overall
construction activities are progressing on schedule and estimated delivery time
remains at end of April 2011. The Company is actively marketing the rig and has
several specific contracts targeted for immediate start up after commissioning
and delivery.
Limassol, 2 July 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1429830]
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Source: Songa Offshore SE via Thomson Reuters ONE
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