Songa Offshore earnings in North Sea affected by bad weather in February

first_imgSonga Offshore, an international offshore drilling company, has released its monthly rig fleet update for February 2014.Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia.Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam.Songa Trym achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Statoil in Norway.Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 93% during the month working for Statoil in Norway.Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 96% working for Statoil in Norway.The earnings efficiencies of the three rigs operating in the North Sea were all negatively impacted by the rigs earning a Waiting-on-Weather rate due to inclement weather for extended periods of the month.[mappress]Press Release, March 06, 2014last_img

Leave a Reply

Your email address will not be published. Required fields are marked *