Report for the fourth quarter 2009

Songa  Offshore SE ("Songa")  total comprehensive income  for the fourth quarter
2009 was USD 54.7 million.

Revenue for the fourth quarter was USD 186.8 million. This includes mobilization
and demobilization revenue of USD 2.7 million.

Total  expenses  for  the  fourth  quarter  were  USD  101.5 million, the figure
includes  a non operational gain of USD 0.4 million posted under "other gain and
loss".  The "other gain and  loss" is split between  loss on flippable swap with
USD 0.8 million, USD 1.4 million in currency gain and USD 0.2 million in loss on
disposal of assets.

EBITDA  for the fourth quarter was USD 96.9 million. This figure is after taking
into effect "other gain and loss".

Net financial expenses for the fourth quarter were USD 11.0 million.

Earnings  per share (EPS) for the fourth quarter were USD 0.40. Diluted earnings
per share (DEPS) for the fourth quarter were USD 0.40.

For the full report, please see attachment.

Limassol, 15 February 2010

About Songa:
Songa  is a provider of offshore drilling services.  With its fleet of six rigs,
it  currently operates in the  North Sea, offshore North  and West Australia and
offshore North and West Africa.  Songa is headquartered in Limassol, Cyprus.

Forward  Looking  Statements:    Certain  statements  in  this  announcement are
forward-looking.  These  forward-looking  statements  represent expectations for
Songa's business and results of operations, and involve risks and uncertainties.
These  forward-looking statements are based on current expectations, assumptions
and projections about future events.  Because these expectations and assumptions
involve  known and unknown risks, uncertainties  and other factors, which are in
some  cases beyond  Songa's control,  actual results  or performance  may differ
materially  from those expressed or implied by such forward-looking statements.
Given  the risks and  uncertainties, investors are  cautioned not to place undue
reliance on such forward-looking statements.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1384280]





    Songa Offshore SE Q4 2009 report: 

http://hugin.info/136777/R/1384280/343048.pdf