Statoil suspends Songa rig contract

Drilling contractor Songa has revealed in its latest fleet update that Statoil is suspending its contract for semisubmersible rig Songa Trym after it completes work at the Tarvos well in the North Sea.

The rig will be suspended from November, with Statoil indicating it is likely to resume work early in 2016. While suspended, Songa said the rig will revert to a 75% suspension rate of $283,000 per day.

Songa said it will minimize the financial impact of the suspension via warm-stacking with reduced manning and activity until the rig is activated again by Statoil.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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