Songa Equinox achieved an operating efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.
Songa Endurance achieved an operating efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.
Songa Encourage achieved an operating efficiency of 81% and an earnings efficiency of 81% for the month, working for Statoil in Norway. The rig has been at a sheltered location for equipment overhaul and inspection following the water ingress of 2 January 2017. The rig was back on operating rate on 6 February 2017 and recorded a 96% earnings efficiency for the remainder of the month.
Songa Enabler achieved an operating efficiency of 75% and an earnings efficiency of 75% for the month. The rig was suspended during February and back on operating rate on 4 March 2017.
Songa Delta, Songa Dee and Songa Trym are stacked and marketed for new employment.
6 March 2017
Limassol, Cyprus
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.