Songa Offshore SE has concluded onwards contrac...

Songa Offshore SE is pleased to announce that a drilling contract has
been concluded and agreed with Woodside Energy Ltd for utilization of
the semi-submersible Songa Mercur for a drilling campaign of up to 3
wells on North Western Shelf of Australia, total contract duration is
estimated at up to 75 days with possible additional extensions
thereafter.

The contract includes an initial part that covers standby of the rig
at an agreed day rate in Dampier while obtaining necessary approvals
for the upcoming program, the operating part of the contract is
scheduled to commence immediately after the rig is accepted and all
approvals and formalities have been obtained. Potential contract
value is estimated at USD 25 million for the agreed contract elements
and period.

Limassol, 3 September 2009


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