May fleet update

Songa Venus achieved operating efficiency of 100% during the operational part of the month. The rig completed the program for Total E&P in Australia May 29 and is currently underway to Labuan, Malaysia and is actively marketed for work in the South East Asia region. Songa Mercur achieved operating efficiency of 100% during the operational part of the month. The rig commenced the 180 day contract and tow from Singapore to Sakhalin on May 19.  The rig is currently underway to Busan, Korea for fuelling, crew change, equipment load out and preparation before heading to Gazflot LLC Sakhalin location. Songa Dee achieved operating efficiency of 66% during the month.  The rig suffered downtime on two different vital systems during the period.  The issues were rectified and the rig continued in regular operations. Songa Dee continues operations for Marathon / Lundin in Norway. Songa Delta achieved operating efficiency of 100% during the month.  The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway. Songa Trym has achieved operating efficiency of 100% during the month.  The rig continues to operate for Statoil in Norway. Songa Eclipse remains under construction at Jurong Shipyard in Singapore, the rig was Christened on 28 May and overall construction and commissioning activities are progressing. The Company continues marketing the rig and has several specific contracts targeted for immediate start up after commissioning and delivery. 6 June 2011 Limassol, Cyprus This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Songa Offshore SE via Thomson Reuters ONE [HUG#1521549]
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