The decline in activity on the Norwegian shelf does not look set to stop in 2014, says Norwegian-Cypriot rig company Songa Offshore when pointing to expectations for the rest of the year, according to the company's 2nd quarter interim report, which shows a growing business and profit, though the bottom line looks stark following massive impairments.
The result took a dive from USD 13.8 million last year to a deficit of USD 7.4 million.
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