Songa Offshore SE : March fleet update

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.

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

Songa Trym is currently being stacked, while marketed for new employment.

Songa Equinox achieved an operational efficiency of 95% and an earnings efficiency of 94% for the month, working for Statoil in Norway.

Songa Endurance achieved an operational efficiency of 88% and an earnings efficiency of 88% for the month, working for Statoil in Norway.

Songa Encourage arrived in Norway on 15 March 2016 and is finalizing the Acknowledgement of Compliance (AoC) process and the client's Acceptance Test Program (ATP).

Songa Offshore took delivery of Songa Enabler on 31 March 2016. The rig is en route to Norway and is currently in transit between Korea and Singapore.

6 April, 2016
Limassol, Cyprus

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

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Source: Songa Offshore SE via Globenewswire

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