Songa sees good prospects with oil at $85/barrel

Oil driller Songa Offshore SE (SONG.OL) reported that the company’s near-term prospects were improving with oil at $85 per barrel and ongoing discussions with potential clients for short-term hire for several rigs.

The press release is quoted as saying:

Songa Offshore, an Oslo-listed offshore drilling company operating five semi-submersible rigs and one drill ship, said it was working on contracts for its drilling rigs, including Songa Saturn which will be available in a few weeks.

Click here to access the entire press release