Songa Offshore

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Songa Offshore rig commences drilling operations for Statoil contract

Songa Encourage commenced drilling operations on 11 April 2016 under its eight-year drilling contract with Statoil on the Norwegian continental shelf. The rig is now on operational day rate and working on the Skuld field. Songa Encourage is the third rig in a series of four Category D rigs, specific... Tuesday, April 12, 2016

Songa Offshore cuts 200 onshore jobs

Songa Offshore SE is now transforming from being largely a projects organization to an optimized operating organization. The Company today announced that as part of this process, the overall number of onshore employees and contractors, is proposed to be reduced by up to 200, of this 76 employees an... Tuesday, February 2, 2016

Statoil cancels rig contract with Songa Trym

Statoil has decided to cancel the contract with Songa Trym, four months before the expiration of contract on 4 March 2016. Statoil has previously notified Songa Offshore that the rig would be suspended for a period, and Statoil has tried to find other assignments for the rig after the suspension pe... Monday, November 2, 2015

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
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