REPORT FOR THE SECOND QUARTER 2010

Songa Offshore SE ("Songa") reports total comprehensive income for the second
quarter of 2010 of USD 11.9 million.

Revenue for the second quarter was USD 139.0 million. This includes mobilization
and demobilization revenue of USD 12.1 million.

Total expenses for the second quarter were USD 93.3 million. The figure includes
a  non operational gain of  USD 2.0 million posted under  "other gain and loss".
The "other gain and loss" is split between a loss on flippable swap of  USD 1.6
million,  loss  on  buy  back/settlement  of  bonds  of USD 1.0 million, gain on
allowances  for doubtful  debt of  USD 3.9 million,  USD 0.4 million in currency
gain and USD 0.3 million in gain on disposal of assets.

EBITDA  for the second quarter was USD 45.7 million. This figure is after taking
into effect "other gain and loss".

Net financial expenses for the second quarter were USD 7.7 million.

Earnings per share (EPS) for the second quarter were USD 0.07. Diluted earnings
per share (DEPS) for the second quarter were USD 0.07.

Average number of shares for the quarter was 167,712,544, and as per end of the
period the outstanding number of shares was 167,712,544.

Limassol, 9 August, 2010

Board of Directors
Songa Offshore SE


Questions should be directed to:
Geir Karlsen, CFO +47  23 01 14 24 / [phone]
Tom Jebsen, Senior Vice President   [phone] / [phone]

Please see the attached Q2 2010 Report

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1436579]





Songa Offshore SE Q2 2010 Report: 


http://hugin.info/136777/R/1436579/381591.pdf




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Source: Songa Offshore SE via Thomson Reuters ONE