The story
Songa Offshore AS was founded in January 2005 with the purchase of the two semisubmersibles, Mata Redonda and La Muralla. Mata Redonda was renamed Songa Venus and La Muralla was renamed Songa Mercur.
Songa Offshore was listed on the Oslo Stock Exchange 26 January 2006. In May 2009 Songa Offshore SE was redomiciled to Cyprus, and it is registered in Limassol, Cyprus.
Songa Offshore bought the Songa Dee from Stena Offshore in June 2006. After that Songa Trym (2006) and Songa Delta (2008) was bought from Odfjell Drilling.
Before Transoceans acquisition, Songa Offshore SE were the largest semi submersible drilling contractor on the Norwegian Continental Shelf (NCS) with seven drilling units in operation, after the delivery of the four new Category D Rigs delivered in 2015 From the DSME yard in Korea.
In 2013 the company changed out the management of the company and Mr. Bjørnar Iversen became CEO of the company and the company went true a significant restructuring where Mr. Frederik Wilhelm Mohn became the majority shareholder. The restructuring of Songa Offshore SE was elected by Marine Money Conference to be the offshore restructuring deal of the year 2013, world wide.
The company changed the strategy in 2013 to focus on the harsh environment North Atlantic mid-water market and sold the South East Asia rigs, Songa Mercur and Songa Venus, to Opus Offshore in July 2014.
The company is a leading player in the North Atlantic drilling market.
From Wikipedia’s article on Songa Offshore, shared under CC BY-SA 4.0.7