Songa Offshore sells rigs to Opus Offshore

Songa Offshore SE has entered into an agreement with Opus Offshore Group for the sale of the Songa Mercur and Songa Venus rigs for $200 million.

Offshore staff

LIMASSOL, CyprusSonga Offshore SE has entered into an agreement with Opus Offshore Group for the sale of the Songa Mercur and Songa Venusrigs for $200 million.

The companies also have established a strategic joint venture (JV) drilling management company, the Songa-Opus JV. Opus Offshore will acquire 100% of the rigs, which will be operated by the Songa-Opus JV.

The current international operations of Songa Offshore, primarily related to the rigs inSoutheast Asia, will be transferred to the Songa-Opus JV. In addition to the Songa Mercur and Songa Venus, the Songa-Opus JV will operate additional assets including Opus Offshore's Tiger series of drillships currently under construction or on order with scheduled delivery between 2014 and 2017.

04/25/2014

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