Fleet update

Songa Venus has achieved operating efficiency of 97% in July. The rig
is operating for Shell Australia offshore North West Australia and is
expected to  change operator  back to  the ADA  Consortium and  CNOOC
Australia during August.

Songa Mercur has achieved  operating efficiency of  94% in July.  The
rig continues its work for  Santos offshore North West Australia.  It
is currently working on its last well in the mentioned contract  with
expected  completion  mid   August.  The  Company   is  in   detailed
discussions and negotiations with potential clients for onwards  work
in Australia.

Songa Saturn has achieved  operating efficiency of  98% in July.  The
rig continues to operate under the Nippon led consortium contract  in
Libya, and working on  the third out of  four firm consortium  wells,
this time for Petrobras. The fourth well is expected to start-up late
August; the rig  will thereafter go  to Malta for  upgrade works  and
then sail to Equatorial Guinea for onwards contract there.

Songa Dee has achieved operating  efficiency of 95% during July.  The
rig continues to operate for Marathon / Lundin, currently working  at
the Luno Field.

Songa Delta has achieved operating efficiency of 98% in July. The rig
is working for  Wintershall /  Det norske oljeselskap  at the  Fongen
field.

Songa Trym has achieved operating efficiency of 100% in July. The rig
continues to operate for StatoilHydro at the Troll Field.


Limassol, 2009-08-03


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