Songa Offshore SE : February fleet update

Songa Equinox achieved an operating efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.

Songa Endurance achieved an operating efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway. 
 
Songa Encourage achieved an operating efficiency of 81% and an earnings efficiency of 81% for the month, working for Statoil in Norway. The rig has been at a sheltered location for equipment overhaul and inspection following the water ingress of 2 January 2017. The rig was back on operating rate on 6 February 2017 and recorded a 96% earnings efficiency for the remainder of the month.
 
Songa Enabler achieved an operating efficiency of 75% and an earnings efficiency of 75% for the month. The rig was suspended during February and back on operating rate on 4 March 2017.
 
Songa Delta, Songa Dee and Songa Trym are stacked and marketed for new employment.
 
6 March 2017
Limassol, Cyprus

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Songa Offshore SE via Globenewswire