August fleet update

Songa Venus remained warm stacked in Labuan, Malaysia during the month.  The rig continued undergoing maintenance and operational preparedness for the upcoming one year contract with Petronas in Malaysia. Commencement has been delayed due to late arriving equipment and is now estimated to take place mid-October. Songa Mercur continued drilling operations for Gazflot LLC at Sakhalin, Russia. The rig achieved an operating efficiency of 88% during the month. Songa Dee achieved operating efficiency of 100% during the month. Songa Dee continued to operate for Marathon / Lundin in Norway and have during early part of September commenced the 3 year contract with Statoil on the Gulfaks field in Norway. Songa Delta achieved operating efficiency of 93% during the month.  The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway. Songa Trym achieved operating efficiency of 100% during the month.  The rig continues to operate for Statoil in Norway. Songa Eclipse was successfully delivered from Jurong Shipyard in Singapore during the month. The rig has since been moved to Indonesian waters and is currently undergoing contractual upgrade and client operational preparedness work for the upcoming contract in West Africa.  Start of mobilization to Angola is scheduled for early October. The company has during August finalized and signed 8 year firm contracts for two new build "CAT D" units for Statoil. The construction contracts for the two units have also been finalized and signed with DSME (Daewoo Shipbuilding & Marine Engineering co. Ltd) during early part of September. 13 September 2011 Limassol, Cyprus This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Songa Offshore SE via Thomson Reuters ONE [HUG#1545989]
UK 100