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August flleet update


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Copyright © Hugin AS 2010. All rights reserved.
2010-09-03 17:23:22 -

 Songa  Venus achieved  operating efficiency  of 93% during  the month;  the rig
completed  its work on the first and has  now commenced work on well no 2 out of
3 firm wells for Shell Development (Australia).

 Songa  Mercur achieved  operating efficiency  of 99% during  the month; the rig
continues to operate outside Sakhalin Russia on a one well contract for Gazflot.

 Songa  Saturn  remained  warm  stacked  in  Malta  undergoing  maintenance  and
operational  preparedness  for  future  contracts.  The  rig  has  undergone dry
docking, painting and 5 years hull classifications in Malta during the month and
the Company continues to actively market 
the rig.  Songa Dee achieved operating efficiency of 99% during the month; the rig continues to operate for Marathon / Lundin in Norway. The rig is scheduled to enter into a 30 day yard stay at Westcon in Ølen, Norway during the first part of September. Work scope for yard stay will mainly consist of repairs from earlier announced Far Grimshader collision together with deck crane replacement and general maintenance taking place in parallel of collision repair works.  Songa Delta has achieved operating efficiency of 100% during the month; the rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway.  Songa Trym has achieved operating efficiency of 98% during the month; the rig continues to operate for Statoil in Norway.  Songa Eclipse is under construction at Jurong Shipyard in Singapore. Helideck, Bridge Control's and BOP handling crane installations have taken place during the month and outfitting work continues, overall construction activities are progressing on schedule and commissioning activity has started.  Estimated delivery time remains at end of April 2011. The Company is actively marketing the rig towards several specific contracts targeted for immediate start up after commissioning and delivery.  Limassol, 3 September 2010 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1442661] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Songa Offshore SE via Thomson Reuters ONE


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