Norway's Songa Offshore Expects Delays for Flagship Rig Project
OSLO, May 26 (Reuters) - Drilling rig operator Songa Offshore said its flagship Cat D rig project would be delayed and would cost more as it reported first-quarter that beat expectations on Monday.
The firm reported first-quarter earnings before interest, taxes, depreciation and amortisation of $65.3 million, beating expectations for $61.8 million and up from $50.4 million at the same time a year ago.
(Reporting by Gwladys Fouche, editing by Henrik Stolen)
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