Mubadala Petroleum has decided to further extend the Songa Venus rig contract to cover an additional two firm wells and two option wells in Vietnam under the current contract terms and conditions. The two additional wells have a total estimated duration of 80 days and corresponding revenue of approximately USD 19 million. The Venus program [...]
Cyprus’ drilling contractor Songa Offshore has entered into a contract extension and farm out agreement for Songa Venus rig 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 [...]
Petronas, Malaysian state-controlled oil company, has exercised the 1 year optional contract for Songa Offshore’s semi-submersible drilling rig, Songa Venus. Songa Offshore, a Cyprus based drilling contractor and the owner of the rig, has revealed the information in its fleet status report for July 2012, without disclosing the value of the contract. The rig which [...]
![Australia: Songa Venus Drilling Rig Released 26th December 2010]()
MEO Australia Limited advises that since the last progress report, abandonment operations were completed and the Songa Venus semi-submersible drilling rig was released at 04:15 hrs Perth time, Sunday 26th December 2010. Drilling operations on the Artemis-1 program were conducted safely and without environmental incident. This is the final progress report for the Artemis-1 drilling [...]
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![MEO Australia MD Discusses Forward Strategy]()
MEO Australia Managing Director Jürgen Hendrich Discusses Forward Strategy with Openbriefing.com: MEO Australia Limited announced this week that the Artemis-1 wildcat exploration well (WA-360-P, MEO 25%) located in the Carnarvon Basin, offshore Western Australia, failed to find gas. What are the implications of this result for shareholder value? MD & CEO Jürgen Hendrich Any [...]
![Australia: Songa Venus Arrives at Artemis-1 Location]()
MEO Australia Limited advises that since the last progress report, the Songa Venus semi-submersible drilling rig completed its journey and arrived at the Artemis-1 location at 03:10 hours (Perth time) on Tuesday 23rd November. All anchors have been run and the rig has been ballasted down to drilling draft. Preparations to commence drilling operations are [...]
![Australia: Songa Venus Rig to Arrive to Artemis-1 Next Week]()
MEO Australia Limited advises that as at 06:00 hours (Perth time) on Wednesday 17th November, the Songa Venus semi-submersible drilling rig had been towed a distance of 181.7 nautical miles or 28.1% of the 646.7 nautical mile journey to the Artemis-1 location. Assuming the average speed achieved on the journey to date is maintained, the [...]
![Songa Venus Handed Over to MEO Australia]()
MEO Australia Limited advises that the Songa Venus semi-submersible drilling rig was handed over from Shell at 5pm (Perth time) on Sunday 14th November and is currently under tight tow to the Artemis-1 location. The journey is programmed to take approximately eight days at current tow speed, however actual timing will be a function of [...]
