Cyprus: Songa Offshore Announces May 2011 Fleet Update

Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for May 2011.

Songa Venus achieved operating efficiency of 100% during the operational part of the month. The rig completed the program for Total E&P in Australia May 29 and is currently underway to Labuan, Malaysia and is actively marketed for work in the South East Asia region.

Songa Mercur achieved operating efficiency of 100% during the operational part of the month. The rig commenced the 180 day contract and tow from Singapore to Sakhalin on May 19. The rig is currently underway to Busan, Korea for fuelling, crew change, equipment load out and preparation before heading to Gazflot LLC Sakhalin location.

Songa Dee achieved operating efficiency of 66% during the month. The rig suffered downtime on two different vital systems during the period. The issues were rectified and the rig continued in regular operations. Songa Dee continues operations for Marathon / Lundin in Norway.

Songa Delta achieved operating efficiency of 100% during the month. The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 100% during the month. The rig continues to operate for Statoil in Norway.

Songa Eclipse remains under construction at Jurong Shipyard in Singapore, the rig was Christened on 28 May and overall construction and commissioning activities are progressing. The Company continues marketing the rig and has several specific contracts targeted for immediate start up after commissioning and delivery.

Source:Songa Offshore , June 7, 2011;

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