November fleet update

Songa Venus has achieved operating efficiency of 100% during the
month. The rig is currently operating for the ADA consortium and
Stuart/PTTEP Australia offshore North West Australia.

Songa Mercur has achieved operating efficiency of 96% during the
month. The rig completed its contract with Woodside Energy in
Australia and has now commenced the announced 2 + 1 well program with
Oilex in Australian/Timor JPDA area.

Songa Saturn has achieved operating efficiency of 87% during the
operational part of the month. The rig completed the Nippon led
consortium contract in Libya during the month and arrived Malta on 10
November, where it is currently for regulatory Class UWILD
inspections and deep-water upgrade works preparing for upcoming
contract with CNOOC in Equatorial Guinea. The rig is anticipated to
complete yard stay and commence rig move to EG mid December 2009.

Songa Dee has achieved operating efficiency of 98% during the month;
the rig continues to operate for Marathon / Lundin in Norway.

Songa Delta has achieved operating efficiency of 98% during the
month; the rig is currently working for Petro Canada on a farm out
agreement from Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 100% during the
operational part of the month. The rig arrived Hanøytangen outside
Bergen Norway 10 November and has since completed its planned UWILD
and rig repair program and the rig continues to operate for Statoil
in Norway. As per earlier announcement a revised drilling contract
was concluded with Statoil and this revised contract continues under
new terms from 1 Dec 2009 until 1 July 2012.

Limassol, 2009-12-4


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