Songa Dee - Letter of Intent from Statoil Petro...

Songa Offshore SE is pleased to announce that a Letter Of Intent (LOI) has been
received from Statoil Petroleum AS for the use of Songa Dee for a 3 years firm
plus 1 year option Drilling Contract on the Norwegian Continental Shelf.  The
LOI is conditional to Partner approval and mutual agreement of contract terms.
The firm part of the contract has an aggregated revenue value of approximately
USD 378 million.  The contract also includes an option to extend the firm period
of the contract, and this option will have to be exercised prior to the contract
commencement.

The contract with Statoil Petroleum AS will commence in direct continuation of
the rig's current commitment and subsequent demobilization from Marathon /
Lundin early Q3 2011.

Limassol, 19 October 2010
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



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Source: Songa Offshore SE via Thomson Reuters ONE