Songa Offshore SE : Handover of Songa Eclipse

Songa Offshore SE ("Songa") has today finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012. 

As previously reported, Songa's net proceeds from the sale is USD 590 million. After repayment of debt, the net cash effect from the sale proceeds will be approximately USD 285 million.

With the handover of Songa Eclipse now completed, Songa has further strengthened its position to become a leading international mid-water rig operator, says interim CEO and chairman of the board, Jens A Wilhelmsen.

3 January 2012

Limassol, Cyprus

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Songa Offshore SE via Thomson Reuters ONE

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