Songa Venus gets contract extension for wells offshore Vietnam, Malaysia

Offshore staff

LINMASSOL, Cyprus –Songa Offshore SE has entered into a contract extension and farm out agreement with Mubadala Petroleum from the semisubmersible drilling rig Songa Venus’ current contract with Petronas.

The extension will cover a total of four firm wells in Vietnam and Malaysia under the current contract terms and conditions. This extension will see the unit occupied until October 2013.

The extension has an aggregated revenue value of approximately $21 million.

3/01/2013