Stay Connected

PetroSaudi receives Songa drillship

Offshore staff

LIMASSOL, Cyprus -- Songa Offshore has completed the sale of its drillship Songa Saturn for net proceeds of $260 million.

The vessel was delivered earlier today to a subsidiary of PetroSaudi Oil Services Ltd.

The net cash effect to Songa Offshore, after repayment of debt, will be around $150 million.

10/08/2010

Related Articles

Eni installs E&P supercomputer

Nov 25, 2013

Eni has started using a new petaflop class supercomputer at its Ferrera Erbognone data center in Pavia.

Nalco Champion, Wood Group PSN make St. Jude donation at Deepwater Operations

Nov 21, 2013 During the Deepwater Operations Conference in Galveston, Texas, Nalco Champion and Wood Group PSN furthered their support of Sky High for St. Jude, an organization dedicated both to funding pediatr...

Trending News

Southeastern Barents Sea FTG survey under way

Apr 23, 2014

ARKeX has restarted acquisition of a multi-client full tensor gravity gradiometry (FTG) survey over the southeastern Barents Sea offshore Norway.

Prysmian to engineer offshore Zakum subsea power conversion

Apr 23, 2014

Emirates Holding has awarded Prysmian Group a $41.4-million contract for ADMA-OPCO’s Zakum oil field offshore Abu Dhabi.

Atkins to assist Maersk in North Sea IRM campaign

Apr 23, 2014

Maersk Oil UK has awarded Atkins an engineering support contract for three floaters in the North Sea.

Technip to sell controlling stake in India dive specialist

Apr 23, 2014

Technip has agreed to divest a majority stake of between 51% and 75% in Seamec to HAL Offshore Ltd., India.

Premier commissions drilling templates for North Sea Catcher project

Apr 23, 2014

Aquaterra Energy has won a contract valued at up to $16.8 million to design and build six drill center templates (DCTs) for Premier Oil’s Catcher development in the UK central North Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>