DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in 4Q15

Norway's Songa Offshore SE announced Tuesday that it has taken delivery of Songa Equinox (mid-water semisub) from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.

Songa Equinox will shortly depart South Korea en route to Norway for commencement of an eight-year drilling contract with Statoil, with first assignment on the Troll Field on the Norwegian continental shelf. The voyage to Norway will take place in a tow-assist mode and the rig will arrive with all third party equipment installed and ready for final acceptance testing. Commencement of drilling operations is expected to take place in 4Q 2015.

Songa Equinox is a sixth generation, high specification, harsh environment, midwater rig designed for efficient year around drilling, completion, testing and intervention operations in water depths up to 1,640 feet (500 meters). The rig is certified DP3 and is equipped with a "state-of-the-art" drill-floor and an efficient layout with improved safety and working environment features.

Songa Equinox is the first rig in a series of four Category D rigs specifically built for and contracted to Statoil.

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