Songa Offshore SE : December fleet update

Songa Offshore SE : December fleet update

Songa Venus achieved an operating efficiency of 100% during the month continuing working for Petronas Carigali in Malaysia.
Songa Mercur achieved an operating efficiency of 98% during the month continuing working for Zarubezhneft in Cuba.
Songa Dee achieved an operating efficiency of 98% during the month continuing working for Statoil.
Songa Delta achieved an operating efficiency of 95% during the month, continuing working for Statoil.
Songa Eclipse achieved an operating efficiency of 98% during the month continuing working for Total E/P Angola. In accordance with separate announcement, the rig was delivered to Seadrill on January 3, 2013.
Songa Trym completed its yard stay at CCB during the period. Non-conformities identified in the Petroleum Safety Authority’s (Petroleumstilynet) audit of November 15, 2012 have been corrected and addressed. The rig moved off the yard to the fjord outside CCB January 2, 2013. The rig has since undergone incline testing, and is in process of completing final parts of drilling equipment package and getting its blow-out preventers (BOP) lifted on board prior to client acceptance testing. The estimated total cost for the yard stay for Songa is USD 205 million (total cost is estimated to approximately $260 million which includes $55 million reimbursed from the client). The work is anticipated to be completed by the end of January, and the rig will thereafter enter into a 3+2 year contract with Statoil under direct Songa Offshore management.
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