Songa Offshore CEO Sees Difficult 2017 Market in Norway
Bjoernar Iversen (Photo: Songa Offshore)
Rig company Songa Offshore's CEO Bjoernar Iversen made the following comments at an oil conference in Oslo on Wednesday:
* "When we look for tenders in the market, there are not many tenders to see out there, so 2017 seems to become a tough year on the Norwegian continental shelf when it comes to drilling."
* "Hopefully we will see more scrapping and stacking (of rigs)."
* "It's not sustainable to operate when you have day-rates around (the level of) operating expenses."
* "The more we work on the DSME claim, the more certain we are that we have a rock-solid case."
(Reporting by Ole Petter Skonnord)
