RIGZONE - Songa Venus to Spin Bit for Shell in AU's Browse Basin

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Songa Venus to Spin Bit for Shell in AU's Browse Basin

Songa Offshore SE

Monday, February 08, 2010

Songa Venus
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Further to the announcement in December 2009 of the signing of a Letter of Intent with Shell Development (Australia), Songa Offshore has received a Letter Of Award from Shell Development (Australia) confirming the use of the Songa Venus for the upcoming 2010 Exploration Drilling Campaign in the Browse Basin in Australia.

The program has an estimated duration of 156 days. Shell Development (Australia) will also have the right to exercise up to three additional Optional wells with an estimated duration of 50 to 60 days each. The firm program is expected to generate aggregate revenue in excess of US $40 million.

The contract with Shell Development (Australia) is expected to commence on or around April 1, 2010, following Songa Venus' five-year Special Periodic Survey currently taking place in Singapore.

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Company: Shell	more info
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Company: Songa Offshore ASA	more info
- Shell Snags Songa Venus for Field Offshore Australia (Jul 22) - Det norske to Revamp Plans for Froy (Apr 13) - Marathon Gets Go-Ahead for Alvheim Phase II Program (Apr 7)

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