Songa Offshore

Latest News

Songa Offshore signs USD 1.1bn senior secured credit facility

Songa Offshore SE announce that the documentation for the previously announced USD 1.1 billion senior secured credit facility for the financing of the last two Cat D drilling rigs, Songa Encourage and Songa Enabler, has been completed and the loan agreements have been signed by all parties. The fin... Monday, November 3, 2014

Songa Offshore announces September fleet update

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 98% working for Statoil in Norway. Songa Trym achieved an operational efficiency of 100% and an earnings efficiency of 97% during the month working for Statoil in Norway. Songa Dee continued its SPS (Special Perio... Monday, October 6, 2014

Songa Offshore provides March fleet update

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam. Songa T... Wednesday, April 9, 2014

Songa Offshore provides update on February fleet

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia. Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam. Songa T... Friday, March 7, 2014


Songa Offshore SE provides report for the fourth quarter 2013

Songa Offshore SE reports operating revenue for the fourth quarter of USD 154.3 million and an EBITDA of USD 59.8 million. Net loss for the quarter was USD 137.3 million including the recognition of an impairment charge for Songa Mercur and Songa Venus of USD 72.3 million in the quarter, and non-rec... Monday, February 17, 2014

Songa Offshore SE: Extensive recapitalization plan including USD 425 million in new equity and convertible bonds

Songa Offshore SE proposes a comprehensive refinancing by way of raising up to USD 425 million in new capital by way of a combination of (i) a fully guaranteed equity issue through a private placement with gross proceeds in the amount of approximately USD 250 million (NOK 1,525 million) (the "P... Tuesday, November 26, 2013

Songa Mercur secures contract with eniVietnam

Songa Offshore announce that a firm contract has been agreed and signed with eniVietnam for the use of Songa Mercur for one firm well offshore Vietnam. The contract will commence in direct continuation of the rig's current commitment and subsequent demobilization from Zarubezhneft (Cuba). The co... Monday, April 22, 2013

Songa Offshore SE announces Songa Venus secures contract extension

Songa has entered into a contract extension and farm out agreement with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and Malaysia under the current contract terms and conditions. This extension will see the unit occupied u... Friday, March 1, 2013

Songa Offshore SE provide May/June fleet update

Songa Venus achieved an average operating efficiency of 98% during the period. The rig continues to operate for Petronas Carigali in Malaysia. It is anticipated that the 1 year optional contract extension will be approved and issued during July securing continued work for the rig in Malaysia until Q... Friday, July 6, 2012

Songa Mercur secures contract with Zarubezhneft

Songa Offshore SE announce that a firm contract for the use of Songa Mercur has been agreed and signed with Zarubezhneft, a public joint stock company of Russia. The contract covers the use of the Songa Mercur for Zarubezhneft's upcoming drilling campaign offshore Cuba. The contract will commen... Friday, June 22, 2012

Aker Solutions wins 'Cat D' drilling equipment contract

Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply a further two drilling equipment packages to the 'Category D' drilling rigs the yard is building for the rig operator Songa Offshore. Contract value is undisclosed. The development ... Wednesday, March 28, 2012

Songa Offshore SE awarded two additional cat D rigs by Statoil

Songa Offshore SE announce that its 100% owned subsidiary, Songa Rig AS, has received and accepted a Letter of Award (LOA) from Statoil for two newbuild "cat D" semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs... Friday, February 24, 2012

FoxDavies Daily Monitor - Aurelian Oil & Gas and Songa Offshore

Aurelian Oil & Gas (AUL LN, 22.25p, ▲ 5.9%) Licence extension in Poland. The Company has been granted an extension to Block 208 on the Poznan East licence by the Ministry of Environment in Poland. Block 28, which is adjacent to Block 27 (Siekierki gas field and the recent Krzesinki-1 gas disco... Friday, February 24, 2012

Songa Offshore SE announces report for the fourth quarter 2011

Operating revenue for the fourth quarter was USD 96.3 million. This includes mobilization and demobilization revenue of USD 8.0 million. Total expenses for the fourth quarter were USD 73.9 million. EBITDA for the fourth quarter was USD 24.0 million. Net financial expenses for the fourth quarter wer... Monday, February 13, 2012

Wärtsilä to supply power and positioning system for Statoil's two new offshore drilling rigs

Furthermore, Wärtsilä's unique condition monitoring system and the company's local service network supports the operator in harsh environments. Wärtsilä, the marine industry's leading solutions provider, has been contracted to supply the power and positioning system ... Tuesday, January 24, 2012

Statoil Awards Rig Contract For Fast-track Portfolio

Statoil has awarded Songa Offshore a contract for hire of the semi-submersible rig Songa Delta, for use in the fast-track portfolio on the Norwegian continental shelf (NCS). The contract value is approximately USD 400 million. The rig will carry out production drilling for Statoil's fast-track port... Thursday, March 17, 2011

Songa Offshore Concludes Contract For Songa Saturn With CNOOC Africa

Songa Offshore ASA announces the signing of a contract with CNOOC Africa Ltd for a one well program offshore Equatorial Guinea. The contract will commence after the current drilling campaign in Libya which is expected to be completed late 2009. Before starting the mobilization, Songa Saturn will co... Monday, September 29, 2008
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