Songa sees good prospects with oil at $85/barrel
Investing News Network - May 3rd, 2010
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.
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.