Songa rig gig off Cuba

Cuba work: for semisub Songa Mercur

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Steve Marshall

 22 June 2012 07:44 GMT

Russian explorer Zarubezhneft has secured semi-submersible rig Songa Mercur for its upcoming drilling campaign off Cuba under a charter deal with Norwegian contractor Songa Offshore.

The rig has been fixed for a firm period of 325 days on a contract worth a minimum of around $88 million, including mobilisation costs, to yield an overall dayrate of $270,770.

However, Songa said in a bourse statement revenue from the deal may increase depending on the start date for rig operations and a possible extension of the drilling programme for well testing or other work.

The contract is due to start on 1 July when the semisub will be mobilised from Malaysia to Trinidad, where it will be moored at a standby rate until scheduled start of…

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