Songa Trym - Letter of Award from Statoil

Songa Offshore SE is pleased to announce that its 100% owned subsidiary, Songa
Rig AS, has received a Letter Of Award (LOA) from Statoil for the use of Songa
Trym for a 3 years firm plus 2x1 year option Drilling Contract on the Norwegian
Continental Shelf.  The LOA is conditional to mutual agreement of contract terms
between the parties which is anticipated to be concluded within 30 days. The
firm part of the contract has an aggregated revenue value of approximately USD
462 million inclusive a rig upgrade element and an associated yard stay prior to
contract commencement.

The yard stay and contract with Statoil will commence in direct continuation of
the rig's current commitment and subsequent demobilization from Statoil Troll
license mid-2012.

Songa Offshore will undertake full rig management and operations responsibility
of the Songa Trym from current Odfjell Drilling Management at time of transition
between contracts.

Limassol, 10 July 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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