Noble Energy Exercises Option for Songa Saturn

Songa Offshore reports that Noble Energy has exercised its two-well option for the Songa Saturn. Further Noble has farmed out the mentioned two wells to Kosmos Energy. The operations will take place offshore Ghana, with expected start-up mid-January 2008.

The dayrate for the above is US $339,000. After this no options are outstanding towards Noble Energy.

After completion Songa Saturn will proceed towards Libya, with a stop-over in Malta for installation of riser tensioners along with some other work.

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