Cyprus: Songa Offshore Provides Fleet Update for March 2011

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

Songa Venus achieved operating efficiency of 99% during the month. The rig continues to operate for Total E&P in Australia.

Songa Mercur arrived Singapore during the month, BOP and relevant rig equipment and systems are currently undergoing inspections and reinstatement

Songa Dee achieved operating efficiency of 97% during the month. The rig continues operations for Marathon / Lundin in Norway.

Songa Delta achieved operating efficiency of 96% during the month. The rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym achieved operating efficiency of 98% 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 , April 5, 2011;