Songa Eclipse - Letter of Award from a Major Oi...

Songa Offshore SE ("Songa" or "the Company") is pleased to announce that the
Company has received a Letter of Award ("LOA) from one of the Major Oil
Operator's of West Africa for its newbuild ultra-deepwater semisubmersible,
Songa Eclipse.  The LOA is for an 18 month plus 1 well firm term in direct
continuation of rig delivery from Jurong shipyard, and is subject to partner and
relevant government approval.  The firm part of the contract has an aggregated
revenue value of approximately USD 268 million with the addition of some client
requested upgrades. The agreement further provides for three one-year options of
escalated day rate, and these are exercisable at the Operator's discretion.

Songa is proud to have been selected by one of the world's premier Oil and Gas
companies, also a leading Operator in the deepwater arena, for their significant
exploration and development program offshore Angola.  Songa looks forward to
building upon its earlier relationship with the said Operator, as it brings its
first ultra-deepwater unit into operation and appreciates the trust that have
been placed in Songa's organization to execute a successful startup and long-
term operation.

Limassol, 25 July 2011

Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.







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Source: Songa Offshore SE via Thomson Reuters ONE

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