Songa Offshore SE: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Songa Offshore SE Announces Delay for Songa Trym
Songa Offshore SE announced that 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. 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 three + two-year contract with Statoil under direct Songa Offshore management.
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