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Provider : Reuters Investment Profile
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Songa Offshore SE announces disposal of Rigs to and establishes new joint venture

Friday, 25 Apr 2014 02:50am EDT 

Songa Offshore SE:Enters into agreement with Opus Offshore Group (Opus Offshore) for sale of Songa Mercur and Songa Venus (Rigs) and establishment of a strategic joint venture drilling management company, (Songa-Opus JV) (Transaction).Opus Offshore will acquire 100 pct of the Rigs, which will be operated by the Songa-Opus JV.Purchase price for Songa Mercur and Songa Venus is $200 mln, effective as of Jan. 01. 

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