Contemplated private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES

Songa  Offshore SE ("Songa Offshore" or the  "Company") has decided to conduct a
private  placement  directed  towards  professional  Norwegian and international
investors  after the close  of Oslo Stock  Exchange today. The private placement
will  amount to up  to 13,684,000 new shares,  equivalent of up to approximately
10% of  the current number of outstanding shares in the Company with an upsizing
option  for  the  Company  of  up  to  total  offering  of 20,500,000 new shares
equivalent  to approximately 15% of the current  number of outstanding shares in
the Company.

The proceeds from the private placement is for general corporate purposes..

The  price in  the private  placement will  be determined through an accelerated
bookbuilding  process and the minimum order has been set to the number of shares
that equals an aggregate purchase price of at least NOK 1,000,000.

The  subscribers  in  the  private  placement  will  be  delivered  existing and
unencumbered  shares  in  the  Company  that  are  already  listed on Oslo Stock
Exchange,  pursuant  to  a  share  lending  agreement  entered  into between the
financial  advisor  engaged  in  the  private  placement, Songa Offshore and the
Company's  largest shareholder, Spencer  Energy AS. The  shares delivered to the
subscribers will thus be tradable from the date they are delivered.

The  bookbuilding period opens today at  17:30 CET (16 February 2010) and closes
at the latest on 17 February 2010 at 08:00 CET. The bookrunners may, however, at
any  time  resolve  to  close  or  extend  the book building period at their own
discretion,  but  it  will  in  no  event close earlier than 16 February 2010 at
19:00 CET

Songa  Offshore has retained ABG Sundal Collier Norge ASA, Arctic Securities ASA
and  SEB Enskilda  AS as  joint lead  managers and  bookrunners for  the private
placement.

Oslo, 16 February 2010

For further enquiries, please contact:
Tom E. Jebsen, CFO ([phone])

                                      ***

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES:

The shares to be offered have not been and will not be registered under the U.S.
Securities  Act of  1933, as amended  (the "U.S.  Securities Act"), or any state
securities  laws, and will be offered within the United States only to qualified
institutional  buyers ("QIB"), as defined in Rule 144A under the U.S. Securities
Act  ("Rule 144A") or an  "Accredited Investor" as  defined under Rule 501(A) of
the  US Securities Act and  in reliance upon an  exemption from the registration
requirements  in  the  US  Securities  Act,  and  to certain non-U.S. persons in
offshore transactions in reliance on Regulation S under the U.S. Securities Act.
Any  US investor will be requested to sign and return an investor representation
letter  certifying that it is either a QIB or an Accredited Investor. The shares
to  be offered will be  subject to certain restrictions  on transfer. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy  nor shall there be any sale of  the securities in any country in which such
offer, solicitation or sale would be unlawful.

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


[HUG#1385094]