Mercur Rig Contracted for Vietnam Well

Norwegian rig operator Songa Offshore reported Monday that it has been awarded a contract by Idemitsu Oil & Gas for the use of Songa Mercur (mid-water semisub) for a well offshore Vietnam.

Songa said the contract will commence immediately after the rig's commitment with eniVietnam, so keeping the unit busy into 2014. The new contract also includes one option well.

Songa said it expects to make $21 million in revenue from the estimated 80-day duration of the contract, which can be extended to approximately 140 days.

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