September fleet update

Songa Venus achieved operating efficiency of 99% during the month, the rig
continued its work on the second well of 4 firm wells for Shell Development
(Australia).

Songa Mercur achieved operating efficiency of 100% during the month; the rig
continues to operate outside Sakhalin Russia on a one well contract for Gazflot
and is expected to complete the well and commence transit to China for upcoming
program with ENI during the second half of October.

Songa Saturn was relocated from Malta to Trinidad during the month under a fully
paid relocation agreement. Said agreement form part of the separately announced
sales agreement entered into with Petro Saudi, and the agreement and transfer of
ownership process was completed 8 October.

Songa Dee achieved operating efficiency of 100% during the operating part of the
month. The planned yard and repair work from Far Grimshader collision commenced
at Westcon Ølen, Norway 7 September and work scopes have progressed in
accordance with plan through-out the month. The rig left the yard on 8 October
in accordance with schedule, on time and on budget and will then continue to
operate for Marathon / Lundin in Norway for reminder of current contract.

Songa Delta has achieved operating efficiency of 99% during the month; the rig
continues to operate for Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 99% during the month; the rig
continues to operate for Statoil in Norway.

Songa Eclipse remains under construction at Jurong Shipyard Singapore. Overall
construction activities are progressing on schedule and commissioning activity
has started. Estimated delivery time remains at end of April 2011. The Company
is actively marketing the rig and have several specific contracts targeted for
immediate start up after commissioning and delivery.

Limassol, 11 October 2010.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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