Petronas faces Songa Venus delay

Petronas will have to wait some two months longer than expected for a Norwegian Songa Offshore unit as equipment delays push back a one-year contract.
The semi-submersible drilling rig Songa Venus remains warm stacked in Labuan, Malaysia well after the Malaysian state-owned oil giant Petronas was due to begin a charter.
In early July, Petronas penned the $82 million, one-year deal for the unit to start operations in August for Malaysia. The company retains a one-year option with the current day rate set at around $224,600.
Songa revealed on 13 September, however, that the contract is not to start until mid October due to “delayed arrival of equipment”.
Although no further comments were made about the delay, the unit continues to undergo maintenance and operational preparation for the contract.


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