Songa Offshore SE, an international offshore drilling contractor, has delivered its operational update.
Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% during the month working for Statoil in Norway.
Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 100% working for Statoil in Norway.
Songa Trym achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Statoil in Norway.
Songa Venus went off contract on May 6, 2014, and is now stacked in Labuan, Malaysia, where it pursues future work.
Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam.
Following the sale of the Songa Mercur and Songa Venus on July 23, Songa Offshore SE will discontinue to report operating and earnings efficiency for the Songa Mercur from August 2014. Songa Offshore SE will continue to report operating and earnings efficiency for the Songa Venus due to the bareboat agreement between Songa Offshore SE and Opus Offshore Group.
Press Release, August 05, 2014