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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs