Songa Mercur secures contract with Gazflot LLC

Songa Offshore ("Songa" or the "Company") is pleased to announce that a firm
contract for the use of Songa Mercur has been agreed and signed with Gazflot
LLC, a Gazprom subsidiary. The contract covers the use of the Songa Mercur for
Gazflot's upcoming drilling campaign offshore Sakhalin Island during the 2011
summer season. The rig is currently scheduled to depart from Singapore during
May 2011 after completion of BOP rebuild work followed by a testing and
verification period.

The firm part of the contract is set to 180 days including mobilization from and
de-mobilization back to Singapore. Aggregated total revenue of approximately USD
46 million is expected to be generated from the firm part of the contract.

The Company has in parallel to the above entered into an agreement with the
previous operator to get released from the contractual obligation of returning
with the rig to its last well for finalization of the committed program.

Limassol, 17 April 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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