Songa Offshore SE : Delivery of Songa Endurance

Songa Offshore has today taken delivery of Songa Endurance from Daewoo Shipbuilding & Marine Engineering (DSME) in Korea.

Songa Endurance will shortly depart South Korea en route to Norway for commencement of an eight-year drilling contract with Statoil, with first assignment on the Troll Field on the Norwegian continental shelf. The voyage to Norway will take place with tow-assist and the rig will arrive with all third party equipment installed and ready for final acceptance testing. Commencement of drilling operations is expected to take place around year-end.

Songa Endurance is a sixth generation, high specification, harsh environment, midwater rig designed for efficient year around drilling, completion, testing and intervention operations in water depths up to 500 meters. The rig is certified DP3 and is equipped with a "state-of-the-art" drill-floor and an efficient layout with improved safety and working environment features.

Songa Endurance is the second rig in a series of four Category D rigs specifically built for and contracted to Statoil.

24 August 2015
Limassol, Cyprus

For further information, please contact:
Bjørnar Iversen, CEO ([phone])

See www.songaoffshore.com for pictures and video of Songa Endurance.

This information is subject of the disclosure requirements acc. to §5-12 vphl (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#1947143