October Fleet update

Songa Venus  has  achieved operating  efficiency  of 93%  during  the
month. The  rig was  shut  down for  a  limited period  during  month
carrying out  planned  maintenance  between wells  and  is  currently
operating for  ADA  Consortium and  Stuart/PTTEP  Australia  offshore
North West Australia.

Songa Mercur  has achieved  operating efficiency  of 88%  during  the
month. The  rig is  currently  working on  second well  for  Woodside
Energy in Australia, it is anticipated that the rig will commence the
announced 2 + 1 well program with Oilex around mid November.

Songa Saturn  has achieved  operating efficiency  of 97%  during  the
month. The rig continues to  operate under the Nippon led  consortium
contract in Libya working for Petrobras. As earlier announced the rig
will go directly to  Malta for upgrade works  after this third  well,
the latter which is  anticipated to be  completed mid November  2009.
After the upgrade works  the rig will sail  to Equatorial Guinea  for
onwards contract with CNOOC there.

Songa Dee has achieved operating efficiency of 95%, the rig continues
to operate for Marathon / Lundin in Norway.

Songa Delta has  achieved operating  efficiency of 100%,  the rig  is
currently working  for  Petro  Canada  on  farm  out  agreement  from
Wintershall / Det norske oljeselskap in Norway.

Songa Trym  has  achieved  operating  efficiency  of  100%,  the  rig
continues to operate for Statoil in Norway.

Limassol, 2009-11-04


This announcement was originally distributed by Hugin. The issuer is 
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