Songa Offshore SE Announce Report for the first quarter 2015

Songa Offshore SE Announce Report for the first quarter 2015

Songa Offshore SE (the “Company”) reports total revenue for the first quarter 2015 of USD 108.3 million and EBITDA of USD 53.6 million.

“We are very satisfied to see that our existing fleet again delivers safe operations, reduced operating cost and 100% operational uptime in the quarter.

The Company’s main focus continues to be the delivery and the mobilization of the four Cat D rigs to the Norwegian Continental Shelf, where they each will commence their eight-year contracts with Statoil.

We have made good progress over the quarter on the Cat D project and we will in mid-June take delivery of Songa Equinox, the first out the Category D rigs from the DSME shipyard”, says Songa Offshore CEO, Bjørnar Iversen.

See: Report for the first quarter 2015a>

Source: Songa Offshore

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