Cyprus: Songa Offshore Provides Fleet Update for April 2011

Songa Offshore, Cyprus-based offshore drilling company, provides fleet update for April 2011.

Songa Venus achieved operating efficiency of 100% during the month. The rig continues to operate for Total E&P in Australia.

Songa Mercur was awarded a 180 day contract with Gazflot LLC for work at Sakhalin Russia during the month. The rig was berthed in Singapore during the full month of April and is currently undergoing contract preparation and equipment reinstatement after the BOP repairs. Contractual rig acceptance is anticipated to be completed during the month with immediate commencement of tow to Sakhalin thereafter.

Songa Dee achieved operating efficiency of 92% during the month. The rig continues operations for Marathon / Lundin in Norway.

Songa Delta has achieved operating efficiency of 99% during the month. The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 99% during the month. The rig continues to operate for Statoil in Norway.

Songa Eclipse remains under construction at Jurong Shipyard in Singapore, overall construction and commissioning activities are progressing. The Company continues marketing the rig and has several specific contracts targeted for immediate start up after commissioning and delivery.

About Songa Offshore

Songa Offshore is an offshore drilling company operating 6 semi-submersible rigs. With a highly experienced management team, Songa Offshore’s vision is to provide efficient, safe and reliable drilling services. The company is headquartered in Limassol (Cyprus), and currently has operating offices in Oslo, Stavanger, Houston, Singapore, and Perth.

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Source:Songa Offshore , May 4, 2011;