Completion of USD 50 million investment in Deep...

Reference  is made to the announcement by Songa Offshore SE ("Songa Offshore" or
the   "Company")   on  24 March  2010 regarding  the  Company's  USD  50m equity
investment  in  Deepwater  Driller  Ltd.  (the  "Investment"). Songa Offshore is
pleased  to announce that the Investment  was completed today, 16 April 2010, in
accordance  with the terms of the Heads  of Agreement entered into between Songa
Offshore   and  the  shareholders  of  Deepwater  Drilling  Ltd.  Following  the
Investment,  the Company  holds a  31.25% ownership stake  in Deepwater Drilling
Ltd.


For further information, please contact:
Tom E. Jebsen, CFO ([phone] / +47 90 747 997)
Asbjørn Vavik, CEO ([phone] / [phone])


This information is subject of the disclosure requirements according to §5-12
vphl (Norwegian Securities Trading Act).


[HUG#1404707]