Cyprus: Songa Offshore Provides November Fleet Update

Songa Venus achieved operating efficiency of 99% during the month, the rig completed its third well for Shell Development (Australia) and the rig started its last contractual well in current program for MEO Australia during the month. The rig is thereafter scheduled to commence its 2 well firm + 1 Option well contract with Total E&P Australia mid to late December.

Songa Mercur (photo) achieved operating efficiency of 95% during the month; the rig completed its demobilization from Sakhalin to China and commenced its one well program with ENI China during the month.

Songa Dee achieved operating efficiency of 96% during the operating part of the month, the rig continue operations for Marathon / Lundin in Norway. The earlier announced 3 + 1 year Contract for Statoil Petroleum AS at the Gulfaks field was formally signed during the month.

Songa Delta has achieved operating efficiency of 98% during the month; the rig continues to operate for Wintershall / Det Norske Oljeselskap in Norway.

Songa Trym has achieved operating efficiency of 97% during the month; the rig continues to operate for Statoil in Norway.

Songa Eclipse remains under construction at Jurong Shipyard Singapore. Overall construction activities are progressing and commissioning activity has started. Rig Owning Company Deepwater Driller LTD has during the month agreed with yard that formal rig delivery date will be extended from 30th April 2011 to end of July 2011 in order to ensure Contractual readiness and quality assurance towards operational systems before delivery. The Company is actively marketing the rig and have 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 , December 2, 2010;