Songa Venus to Drill Additional Well in Malaysia for MDC Oil & Gas

Drilling contractor Songa Offshore SE announced Thursday that the company has reached an agreement with MDC Oil & Gas ( SK 320 ) Ltd., a Mubadala Petroleum affiliate, to further extend the program for Songa Venus (mid-water semisub) to cover an additional one firm well in Malaysia under the current contract terms and conditions.

In March 2013, Songa entered into a contract extension and farm out agreement with Mubadala Petroleum from a current contract with Petronas covering a total of four firm wells in Vietnam and Malaysia. Under the extension, which has an aggregate revenue value of approximately $21 million, Songa Venus was contracted to work in Southeast Asia until October 2013. 

Songa announced in May 2013 that it reached an agreement with Mubadala Petroleum to further extend the Songa Venus program to cover an additional two firm wells and two option wells in Vietnam under the prevailing contract terms and conditions. The two additional wells have a total estimated duration of 80 days and corresponding revenue of approximately $19 million.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours