Songa Saturn heads to Caribbean

Songa Offshore subsidiary Pegasus Invest has entered into a fully paid relocation agreement for one of its drilling rigs for potential contracts in the Middle Americas region.

Sep 10th, 2010

Offshore staff

LIMASSOL, Cyprus -- Songa Offshore subsidiary Pegasus Invest has entered into a fully paid relocation agreement for one of its drilling rigs for potential contracts in the Middle Americas region.

The agreement, with an unnamed company, covers the transfer of theSonga Saturn from Malta to Port of Spain, Trinidad. The terms also include a return voyage plus compensation if the planned opportunity fails to materialize.

The rig was due to leave Malta yesterday.

09/10/2010

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