Songa sees good prospects with oil at $85/barrel

- 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.

Click here to access the entire press release

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