Songa Trym Yard Stay Costs Hit $260 Million (Norway)

Songa Trym Yard Stay Costs Hit $260 Million

Songa Offshore, a Cyprus-based drilling contractor, has informed in its December 2012 fleet update that its Songa Trym rig has completed its yard stay at CCB shipyard in Norway.

The drilling contractor reported that non-conformities identified in the Petroleum Safety Authority’s (Petroleumstilynet) audit of November 15, 2012 have been corrected and addressed.

The rig moved off the yard to the fjord outside CCB January 2, 2013. The rig has since undergone incline testing, and is in process of completing final parts of drilling equipment package and getting its blow-out preventers (BOP) lifted on board prior to client acceptance testing.

The total cost for the yard stay is now estimated to approximately $260 million which includes $55 million reimbursed from Statoil. The costs have risen by 40 million when compared to Songa’s initial estimate of $220 million, meaning that Songa will now pay $205 million, instead of $165 million.

The work is anticipated to be completed by the end of January, and the rig will thereafter enter into a 3+2 year contract with Statoil under direct Songa Offshore management.

Offshore Energy Today Staff, January 15, 2013

Share this article

Follow Offshore Energy Today

One thought on “Songa Trym Yard Stay Costs Hit $260 Million (Norway)”

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply