Source: Songa Offshore
Songa Offshore has entered into a paid relocation agreement between Songa Offshore subsidiary Pegasus Invest and an un-named industry participant for potential business opportunities in the Middle Americas.
The agreement covers a fully paid relocation of the Songa Saturn drillship from its current location in Malta to Port of Spain, Trinidad. The agreement does also include a return voyage plus compensation if said business opportunity fails to materialize.
Songa Saturn will be leaving Malta Thursday, where it has been warm-stacked since May after its contract with CNOOC expired.
The Songa Saturn drillship is capable of operating in water depths up to 3,800 feet and drilling to a total depth of 25,000 feet. Built in 1983 and previously named the Glomar Robert F Bauer, the Songa Saturn was upgraded in 2006 and 2009.