Songa Offshore SE : Cancellation of the Songa T...

Songa Offshore SE (the "Company") has received a notice of cancellation of the drilling contract with Statoil for Songa Trym when the current well, Tarvos, is completed around 12 November 2015.

The Company will receive a contractual cancellation fee based on the current full day rate of USD 377,000 and the contractual end date early March 2016.

The rig will after the Tarvos well be stacked while marketed for new employment.

2 November 2015
Limassol, Cyprus

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#1963120