Fleet Update

Songa Venus has achieved operating efficiency of 97% in June. The rig
is operating for Shell Australia offshore North West Australia.

Songa Mercur has achieved  operating efficiency of  99% in June.  The
rig continues its work for  Santos offshore North West Australia.  It
is currently working on its last well in the mentioned contract, with
expected completion end of July / beginning of August.

Songa Saturn has achieved  operating efficiency of  86% in June.  The
rig continues to operate under the Nippon led consortium contract  in
Libya, and working on  the third out of  four firm consortium  wells,
this time for Petrobras. The fourth well is expected to have start-up
early August; the rig will thereafter go to Malta for upgrade works.

Songa Delta has achieved operating efficiency of 95% in June; the rig
is working for Wintershall /  Det norske oljeselskap at the  Grosbeak
field.

Songa Trym has achieved operating efficiency of 99% in June; the  rig
continues to operate for StatoilHydro at the Troll Field.

Songa Dee  finished  its  special  periodic  survey  on  7  June  and
immediately entered onto contract with Marathon / Lundin. The rig had
operating efficiency of 95%  during the 23 days  it was available  in
June, and is currently working at the Aegis Field.

Limassol, 2009-07-03


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