Songa Offshore SE : Songa Delta suspended

Statoil will suspend the Songa Delta contract after the current well, Slemmestad, in the North Sea. From end June, 2016, the rig will go on 75% suspension rate (USD 277.000 per day). The expected resumption of the work with Statoil is indicated to be mid August 2016.

The overall financial impact is expected to be limited, due to anticipated lower operating expenses in the warm-stacking period.

Limassol, Cyprus
21 June, 2016

For further information, please contact:
Bjørnar Iversen, CEO ([phone])

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#2021953