Jun 13 - Songa Mercur Secures Contract

Source Press Release
Company Songa Offshore ASENI S.p.A.Idemitsu 
Tags Service Contracts, Upstream Activities
Date June 12, 2013

Songa Offshore is pleased to announce that a firm contract has been agreed and signed with Idemitsu Oil & Gas Co., Ltd. for the use of Songa Mercur for one firm well offshore Vietnam. The contract will commence in direct continuation of the rig's commitment with eniVietnam, thus keeping the unit busy into 2014. The contract also includes one option well, and this option will have to be exercised prior to the contract commencement.

The firm part of the contract has a minimum estimated duration of 80 days with aggregate revenue of approximately USD 21 million. The duration could be extended to approximately 140 days.

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