Songa Mercur signed up for Sakhalin

Songa Offshore has signed a contract with Gazprom subsidiary Gazflot LLC for use of the drilling rig Songa Mercur for a campaign offshore Sakhalin Island this summer.

Offshore staff


LIMASSOL, CYPRUS -- Songa Offshore has signed a contract with Gazprom subsidiary Gazflot LLC for use of the drilling rig Songa Mercur for a campaign offshore Sakhalin Island this summer.

The rig is expected to depart Singapore on or around May 1 after completing SPS activities and a Rig Acceptance period.

The contract has a firm period of 180 days including mobilization from and back to Singapore. This should incur total revenue of around $55-60 million, according to Songa.

3/15/2010

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