Songa Offshore SE : October fleet update

Songa Equinox achieved an operating efficiency of 67% and an earnings efficiency of 65% for the month, working for Statoil in Norway. The rig recorded 10 days off day rate related to planned repair and maintenance and activities related to the Continuous Class Program.

Songa Endurance achieved an operating efficiency of 65% and an earnings efficiency of 63% for the month, working for Statoil in Norway. The rig recorded 10 days off day rate related to planned repair and maintenance and activities related to the Continuous Class Program.

Songa Encourage achieved an operating efficiency of 100% and an earnings efficiency of 97% for the month, working for Statoil in Norway.

Songa Enabler achieved an operating efficiency of 100% and an earnings efficiency of 94% for the month, working for Statoil in Norway, as well as started on a sublet to Aker BP. The earnings efficiency reflects extended periods on moving and stand-by rates.

Songa Delta, Songa Dee and Songa Trym are stacked and marketed for new employment.

8 November 2017
Limassol, Cyprus