Report for the third quarter 2010

Songa Offshore SE ("Songa") reports total comprehensive income for the third
quarter of 2010 of USD 37.0 million.

Operating revenue for the third quarter was USD 174.1 million. This includes
mobilization and demobilization revenue of USD 16.2 million.

Total expenses for the third quarter were USD 102.1 million. The figure includes
a  non operational gain of  USD 4.3 million posted under  "other gain and loss".
The  "other gain and loss" is split between a loss on flippable swap of USD 1.4
million,  USD  2.2 million  in  currency  gain  and  USD  3.5 million in gain on
disposal of assets.

EBITDA  for the third quarter was USD  75.7 million. This figure is after taking
into effect "other gain and loss".

Net financial expenses for the third quarter were USD 6.8 million.

Earnings  per share (EPS)  and diluted earnings  per share (DEPS)  for the third
quarter  were USD  0.22. The Company  reports comprehensive  income of USD 82.1
million  for the  interim nine  months, and  earnings per  share of USD 0.51 and
diluted earnings per share of USD 0.51.

Average number of shares for the quarter was 167,712,544, and as per end of the
period the outstanding number of shares was 167,712,544.


Please see attached Q3 2010 Report

Limassol, 8 November 2010
Board of Directors
Songa Offshore SE


Questions should be directed to:
Geir Karlsen, CFO +47  23 01 14 24 / [phone]
Tom Jebsen, SVP [phone] / [phone]
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



[HUG#1459876]





Songa Offshore SE Q3 2010 Report: 


http://hugin.info/136777/R/1459876/399263.pdf




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Source: Songa Offshore SE via Thomson Reuters ONE