Songa Offshore SE : Report for the second quarter 2014
August 25, 2014 - London
Songa Offshore SE (the "Company") reports operating revenue for the second quarter of USD 151.0 million and an EBITDA of USD 60.5 million.
"We have again delivered a strong quarter operationally with an operating efficiency of 99 %. In combination with increased cost control and reduced operating costs, we are delivering a high quarterly EBITDA. I would also like to highlight that we have closed the previously announced sale of Songa Venus and Songa Mercur and that we have received a firm commitment for the financing of the Cat D 3&4 rigs at competitive terms", says Songa Offshore's CEO, Bjørnar Iversen.
Please see attached the Q2 2014 Report.
25 August 2014
Board of Directors
Songa Offshore SE
Questions should be directed to:
Jan Rune Steinsland, CFO (+47 97052533)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire