Songa Sings of High Rig Utilization Rates


Songa Venus
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Songa Offshore reports high utilization rates for its drilling fleet, providing an update on the status of its fleet of five semisubmersible rigs and one drillship.

The Songa Venus semisub has achieved operating efficiency of 91% in January. The rig is still working on the first well under the ADA consortium contract in Australia.
 
The Songa Mercur semisub has achieved operating efficiency of 100% in January. The rig is currently working for BHP Australia under a farm out agreement from Santos, this is expected to continue until April, at which time the rig will be returned to Santos.
 
The Songa Saturn drillship has achieved operating efficiency of 100% in January. The rig is still on contract to Hess, and this is expected to continue until mid February, at which time the rig will transfer to the Nippon-led consortium contract, still in Libya.
 
The Deepsea Delta semisub has achieved operating efficiency of 100% in December; the rig is still working for StatoilHydro at the Tune Field. Expected completion date is set to first half of May. An agreement has been reached with StatoilHydro whereby the dayrate will increase to US $425,000 from April 15.
 
The Deepsea Trym semisub was on bareboat until February 2, at which time the rig started operating at a regular dayrate of US $475,000. The rig has had normal operations in January for StatoilHydro at the Troll Field.
 
The Songa Dee semisub is currently bareboated out, and has operated as normal during the month.
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 www.riglogix.com.
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