Daewoo serves notice over Songa rig contracts

Daewoo Shipbuilding and Marine Engineering has delivered notices of arbitration in respect to the construction contracts for Songa Offshore’s Cat D-rigs, ordered by Statoil for operations offshore Norway.

Jul 15th, 2015

Offshore staff

LIMASSOL, Cyprus– Daewoo Shipbuilding and Marine Engineering (DSME) has delivered notices of arbitration in respect to the construction contracts for Songa Offshore’s Cat D-rigs, ordered by Statoil for operations offshore Norway.

Songa says DSME has included no details regarding the dispute DSME in the notices. The yard has experienced significant delays and cost overruns during theCat D project, it adds.

Songa maintains that any attempt to recover cost overruns is of no merit, and the company will defend its position vigorously.

07/15/2015

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