Delivery of Songa Equinox Semisub Delayed by Remedial Work at DSME's Yard

Norway's Songa Offshore SE reported Tuesday that the Songa Equinox (mid-water semisub) went on sea trial as planned March 19.

Prior to sea trial departure, the inclination test indicated a heavier than expected Light Unit Weight. This will mandate the installation of sponsons and blisters as per those already installed on Songa Encourage (mid-water semisub) and Songa Enabler (mid-water semisub). The remedial work will be done in South Korea by Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) at the yard's cost.

This installation work will impact the delivery time by an estimated up to four weeks using cofferdams.

In close cooperation with our client Statoil, this additional time at the DSME yard will allow to carry out some of the work that was planned to take place in Norway on third party equipment.

Overall, the mobilization and operational readiness are not expected to be materially impacted.


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