Songa Equinox achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.
Songa Endurance achieved an operational efficiency of 88% and an earnings efficiency of 85% for the month, working for Statoil in Norway. The rig performed four days of planned maintenance during the month.
Songa Encourage achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.
Songa Enabler achieved an operational efficiency of 100% and an earnings efficiency of 90% for the month, working for Statoil in Norway. The rig was five days on "fishing rate". The announced suspension period is now estimated to commence late December and end on 1 April 2017.
Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 92% for the operating part of the month, working for Statoil in Norway. The rig ended its contract on 10 November and is currently stacked, while marketed for new employment.
Songa Dee and Songa Trym are currently stacked, while marketed for new employment.
5 December 2016
Limassol, Cyprus
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)