Gazflot Contracts Songa Mercur for Sakhalin Drilling Program

Songa Offshore confirmed that a firm contract for use of Songa Mercur has been agreed and signed with Gazflot LLC, a Gazprom subsidiary. The contract covers the use of the Songa Mercur for Gazflot's upcoming drilling campaign offshore Sakhalin Island during the 2010 Summer season.

The rig is currently scheduled to depart Singapore on or around May 1, 2010 after completion of ongoing SPS activities and Rig acceptance period.

The firm part of the contract is set at 180 days including mobilization from and de-mobilization back to Singapore. An aggregated total revenue of approximately US $55 to US $60 million is expected to be generated from the firm part of contract.

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