<p>(Thomson Reuters ONE via COMTEX) --Songa Offshore SE ("Songa") has today finalised the formal handover of Songa Eclipse to Seadrill in line with the Memorandum of Agreement from November 2012.</p><p>As previously reported, Songa's net proceeds from the sale is USD 590 million. After repayment of debt, the net cash effect from the sale proceeds will be approximately USD 285 million.</p><p>With the handover of Songa Eclipse now completed, Songa has further strengthened its position to become a leading international mid-water rig operator, says interim CEO and chairman of the board, Jens A Wilhelmsen.</p><p>3 January 2012</p><p><a href="http://www.marketwatch.com/story/songa-offshore-se-handover-of-songa-eclipse-2013-01-03">Keep reading...</a></p>