Songa Offshore SE : September fleet update

Songa Equinox achieved an operational efficiency of 80% and an earnings efficiency of 75% for the month, working for Statoil in Norway. Earnings efficiency excluding the effects of the ongoing strike was 79%.The earnings efficiency was negatively impacted by preparation activities for winter season operations and planned maintenance.

Songa Endurance achieved an operational efficiency of 96% and an earnings efficiency of 86% for the month, working for Statoil in Norway. Earnings efficiency excluding the effects of the ongoing strike was 95%.

Songa Encourage achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.

Songa Enabler achieved an operational efficiency of 100% and an earnings efficiency of 96% for the month, working for Statoil in Norway. Earnings efficiency excluding the effects of the ongoing strike was 99%.

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 96% for the month, working for Statoil in Norway.

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 94% for the operational part of the month, working for Statoil in Norway. The rig ended its contract on 9 September and is currently stacked, while marketed for new employment.

Songa Trym is currently stacked, while marketed for new employment.

11 October 2016
Limassol, Cyprus

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 Globenewswire