Songa Offshore (SONG:OSL) Songa Trym completes repairs and share price get a massive boost!
The Songa Trym has now received its AOC diploma and additional work and client acceptance testing of Songa Trym is now completed. Songa Trym will now be on stand-by rate (95%) while Statoil undertakes planned upgrade of the mud system. The rig will thereafter enter into its 3+2 year contract with Statoil under direct Songa Offshore management. The total cost for the yard stay is still expected to be in the range previously reported of…
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