Songa Offshore SE Results for Q3 2010 November 5, 2010 4th Quarter 2011 Results February 13, 2012
Highlights Q4 2011 / Q1 2012 Songa Offshore SE Results for Q3 2010 SPS for Songa Delta completed November 5, 2010 Re-commenced operation of Songa Venus and Songa Mercur following extensive repairs and system testing Completed…
Fleet Update Songa Delta arrived CCB in Bergen on October 30th and completed the SPS on December 26th. Mobilization and anchoring was delayed by unfavorable weather conditions. The rig was back on contract January 9th 2012. Songa…
January 2012 operating efficiency Rig January Comments Songa Dee 99% Songa Trym 96% Songa Delta 97% From 9th January Songa Venus 100% Songa Mercur 100% From 15th January Songa Eclipse Acceptance testing of equipment
Operating capabilities Songa Fleet quarterly utilization % Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Solid client base with major international oil companies
NNS fleet -2012 upgrades and SPS Songa Dee h D Y Y Y Y Y Y Y Y Songa Delta W d tKt EKd tW Songa Trym dK W Songa Dee scheduled to commence yard stay mid February. Daily rate for the 21 days at the shipyard is…
Contract Status 2012 2013 2014 2015 2016 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Total Angola (18 month + 45d firm + 3x1yr option) 1 yr option 1 yr option 1 yr option…
Contract Backlog - 4.3 firm 2012 2013 2014 2015 2016 2017 Options: USDbn 3.75 268 M 496 M Songa Eclipse 44 M Songa Venus 17 M Songa Mercur 2022 2034 1,253 M 1.9 B Cat D-1 2023 2035 1,253 M 1.9 B Cat D-2 571 M 124 M…
SEA midwater market poised for rebound Supply/demand balance tightening for 2012 Driven by demand in Malaysia and Indonesia
SEA and India mid-water Fleet Water Current Depth or Next Rig Name Year Built Manager (ft) Free Date Country Day Rate Rig Status C. Kirk Rhein, Jr. 1976 Transocean 2750 Mar-09 Malaysia Cold stacked Sedco 703 1974 Transocean 2000…
Near term focus points Start up of Eclipse Secure contracts for Venus and Mercur Execution of North Sea Fleet upgrades and SPS Optimization of global business structure Improve liquidity
P & L Q4 2011 Songa Offshore Group Condensed consolidated statement of comprehensive income for the period ended 31 December 2011 (IFRS unaudited figures) Q4 Q4 Jan-Dec Jan-Dec Amounts in USD '000 2011 2010 2011 2010 Operating…
Revenues and quarterly day rates Q4 USD '000 Venus Mercur Delta Dee Trym Mgmt Group Operating revenue 4,901 5,242 11,275 30,780 36,022 - 88,219 Mobilisation - 7,139 - - 894 - 8,033 Reimbursables - (211) 154 45 219 - 207 Other 113 0 206…
Operating expenses h sEh DZhZ /W d dZzD D'Dd dKd Z KWy D & K d Z KWy ' d KWy ' d KWy ' d KWy Total Rig OPEX Offshore per day h zd h'd zd Y Y Y Y sEh DZhZ d dZzD d
Balance Sheet Songa Offshore Group Condensed consolidated statement of financial position at 31 December 2011 (IFRS - unaudited figures) (USD'000) 31.12.2011 31.12.2010 ASSETS Non-current assets Rigs, machinery and equipment 2…
Balance Sheet Songa Offshore Group Condensed consolidated statement of financial position at 31 December 2011 (IFRS - unaudited figures) (USD '000) 31.12.2011 31.12.2010 EQUITY AND LIABILITIES Capital and reserves Issued capital…
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