Fleet update

Songa Venus has achieved operating efficiency of 100% during the
month. The rig is currently operating for the ADA Consortium and
CNOOC Australia offshore North West Australia after completing the
previous Shell program 12 August.

Songa Mercur has achieved operating efficiency of 99% during the
month. The rig completed its work for Santos offshore North West
Australia 19 August. The rig is currently on standby in Dampier for
upcoming work for Woodside Energy Ltd.

Songa Saturn has achieved an operating efficiency of 91% during the
month. The rig continues to operate under the Nippon led consortium
contract in Libya, working for Petrobras.  Overall the Libyan program
has taken longer than originally anticipated and subsequently the
earlier announced fourth and last well of the Libyan program has now
been cancelled.  This cancellation will not affect predicted revenues
over the firm contract period.  Completion of the current well is
expected to be in early October then the rig will go directly to
Malta for upgrade works, and then sail to Equatorial Guinea for an
onwards contract there.

Songa Dee has achieved operating efficiency of 97%, the rig continues
to operate for Marathon / Lundin in Norway.

Songa Delta has achieved operating efficiency of 98%, the rig is
working for Wintershall / Det norske oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 97%, the rig
continues to operate for StatoilHydro in Norway.

Limassol, 2009-09-04


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