Report for the second quarter 2009

Songa Offshore SE ("Songa") consolidated profit after tax for the
second quarter 2009 was USD 77.7 million.

Revenue for the second quarter was USD 208.6 million. This includes
mobilization revenue of USD 1.2 million. Deferred mobilization
revenue at quarter end is USD 3.5 million.

Total expenses for the second quarter were USD 80.0 million, the
figure includes a non operational gain of USD 12.6 million posted
under "other gain and loss". The gain is split between a gain
realised on TRS agreements when such were terminated with USD 6.3
million, gain on flippable interest swaps with USD 0.9 million, USD
0.3 million in allowance for doubtful debt, USD 0.8 million in
currency loss and USD 6.5 in gain on buy back and settlement of
bonds.

EBITDA for the second quarter was USD 128.6 million. This figure is
after taking into effect "other gain and loss".

Net financial expenses for the second quarter were USD 13.9 million.

Earnings per share (EPS) for the second quarter were USD 0.72.
Diluted earnings per share (DEPS) for the second quarter were USD
0.72.

For the full report, please see link/attachment.

Limassol, 30 July 2009
Board of Directors
Songa Offshore SE


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