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Songa Offshore SE : Songa Trym delayed

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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-04 20:18:24 -

Due to unexpected mechanical failures to already overhauled, installed and
certified equipment and late delivery of OEM equipment, the completion of the
yard stay for Songa Trym will be further delayed. The work and acceptance
testing is now anticipated to be completed during the second half of February.

Until the work is completed, it is difficult to give an accurate figure
regarding the cost implication of the delay, but the additional time, personnel
and repair costs are expected to increase the costs compared to the previously
communicated estimates.

Once the additional work and client acceptance testing is completed, Statoil
will undertake a planned project to upgrade the mud systems on the rig. This
will take place at the current location at Stand-by rate and the rig will
thereafter enter into its 3+2 
year contract with Statoil under direct Songa Offshore management. 4 February 2013 Limassol, Cyprus This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Songa Offshore SE via Thomson Reuters ONE [HUG#1675396]

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