Songa Offshore SE : March fleet update

Songa Venus achieved an operational efficiency of 100% and an earnings efficiency of 98% during the month working for Mubadala Petroleum in Malaysia.

Songa Mercur achieved an operational efficiency of 100% and an earnings efficiency of 100% during the month working for Idemitsu in Vietnam. 

Songa Trym achieved an operational efficiency of 93% and an earnings efficiency of 90% during the month working for Statoil in Norway. The earnings efficiency was negatively impacted due to an issue with a third party downhole equipment, and the rig earning a Waiting-on-Weather rate due to inclement weather for periods of the month. 

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 95% during the month working for Statoil in Norway. The rig was on Waiting-on-Weather rate for periods of the month. 

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 100% working for Statoil in Norway.

April 8, 2014
Limassol, Cyprus

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 Globenewswire

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