Songa Offshore SE :Heads of Agreement for the s...

Songa Offshore SE ("Songa") has entered into a Heads of Agreement ("HoA") with Seadrill for a potential sale of the ultra deepwater semi-submersible rig "Songa Eclipse" (the "Rig").  The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exclusivity up to 15 November 2012 to carry out a due diligence of all adequate issues related to the Rig. Potential closing of the transaction and delivery of the Rig is estimated to take place during December 2012. 

Limassol, 22 October 2012
Board of Directors
Songa Offshore SE
Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]

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

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Source: Songa Offshore SE via Thomson Reuters ONE

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