February fleet update

Songa Venus achieved operating efficiency of 97% during the month.  The rig continues to operate for Total E&P in Australia. Songa Mercur is currently in transit to Singapore after obtaining Chinese customs acceptance of rig departure.  The rig is expected to arrive Singapore mid March. Following the earlier announced BOP and Marine Riser drop during operations in China, the BOP and equipment will be fully inspected, re-instated and re-certificated in Singapore. Songa Dee achieved operating efficiency of 91% during the month.  The rig continues operations for Marathon / Lundin in Norway. Songa Delta achieved operating efficiency of 98% during the month.  The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway. Songa Trym achieved operating efficiency of 98% during the month.  The rig continues to operate for Statoil in Norway. Songa Eclipse remains under construction at Jurong Shipyard in Singapore, overall construction and commissioning activities are progressing. The Company continues marketing the rig and has several specific contracts targeted for immediate start up after commissioning and delivery. 9 March 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#1495553]
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