Songa Eclipse gets first award

Offshore staff

LIMASSOL, Cypress – The newbuild semisubmersible drilling rig Songa Eclipse has a letter of award to drill offshore West Africa, says Songa Offshore SE. The award is for 18 months and includes at least one well.

The $286-million agreement has three one-year options at escalated day rates and requires government and partner approvals.

Songa also has agreed to acquire 100% interest in the Eclipse, agreeing to acquire the 48.1% it does not already own. If the deal is completed, Songa will pay $65 million and conditional bonus payments to the Sector Umbrella Trust (35.1%) and Pareto World Wide Offshore AS (13.1%).


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs