Songa Offshore back in black with new rig employment
Norwegian drilling rig supplier Songa Offshore delivered a positive bottom line in the third quarter, where four rigs secured employment and contributed to the business. But many rigs are still being idled in the North Sea drilling market, and 2017 will be extremely challenging, projects Songa.
by DANIEL LOGAN
Songa Offshore, which leases drilling rigs to oil and gas companies, finished the third quarter this year with a positive result in the otherwise extremely challenging offshore market in the Norwegian and UK parts of the North Sea.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Songa Offshore improved its bottom line in Q1
For subscribers
Songa Offshore's market value cut in half on Oslo exchange
For subscribers
Oil price drags driller Songa Offshore further down
For subscribers
