New bank facility

Songa Offshore SE ("Songa" or "the Company") is pleased to announce that the
Company has finalized a new bank facility in the amount of USD 420 million. The
new facility has a repayment profile of 8.5 years and will be used to finance
the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently
ready for delivery from Jurong shipyard in Singapore.

Additionally,  Songa has received a firm offer  on a bank facility in the amount
of  USD  100 million.   This  facility  will  be  used to part-finance the first
installment   on   the   2 semisubmersibles   currently  on  order  from  Deawoo
Shipbuilding & Marine Engineering Co., Ltd (DSME).

Limassol, 23 August 2011

Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






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Source: Songa Offshore SE via Thomson Reuters ONE

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