It is the last of four delivered category D rigs specially adapted for work on the Norwegian continental shelf. Its primary tasks will be the drilling of production wells and well completion.
Export Credit Norway has contributed USD 130 million to the financing of the rig, based on equipment deliveries from Norwegian suppliers including MH Wirth, Kongsberg Maritime, Viking and Norsafe. The loan has a maturity of 10 years, and is guaranteed by
GIEK. The loan forms part of a larger syndicated loan arrangement.
No. 2
In August, the rig company Songa Offshore took delivery of
Songa Endurance from the Daewoo yard in South Korea. The rig is currently en route to the Troll Field in the North Sea to begin an eight-year contract with Statoil.
The semi-submersible rig can drill year-round, and in rough weather. It is capable of operating at depths of between 100 and 500 metres, and can drill wells to a depth of 8,500 metres. Drilling operations are expected to start early in the new year.
Export Credit Norway has contributed USD 132 million in financing for the rig, based on the involvement of Norwegian equipment suppliers such as MH Wirth, Kongsberg Maritime, Viking and Norsafe. The loan, which has a maturity of 10 years, has been guaranteed by GIEK and forms part of a larger loan syndication.
For more information about the
Songa Endurance rig, see
Songa Offshore’s website.
Photo: Songa Offshore
