Songa Offshore SE : December 2014 fleet update

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 98% working for Statoil in Norway.

Songa Trym was suspended on 20 November as it was ahead of the drilling schedule, and the rig has been on a 75% suspension rate throughout December. Songa Trym is, depending on weather conditions, expected to mobilize within the next week to continue drilling operations for Statoil.

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% for the operational part of the month, working for Statoil in Norway. The rig was back on operating day rate from 26 December after awaiting improved weather conditions to move to the drilling location following completion of the Special Periodic Survey.

7 January, 2015
Limassol, Cyprus

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#1884833