Songa Offshore SE : April fleet update

Songa Dee achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.

Songa Delta achieved an operational efficiency of 100% and an earnings efficiency of 99% for the month, working for Statoil in Norway.

Songa Trym is currently stacked, while marketed for new employment.

Songa Equinox achieved an operational efficiency of 100% and an earnings efficiency of 94% for the month, working for Statoil in Norway.

Songa Endurance achieved an operational efficiency of 100% and an earnings efficiency of 100% for the month, working for Statoil in Norway.

Songa Encourage commenced drilling operations on 11 April 2016 under its eight-year drilling contract with Statoil on the Norwegian continental shelf. Songa Encourage achieved an operational efficiency of 89% and an earnings efficiency of 89% for the operational part of the month.

Songa Offshore took delivery of Songa Enabler on 31 March 2016. The rig is en route from Korea to Norway and is currently in transit between Mauritius and Walvis Bay, Namibia.

9 May, 2016

Limassol, Cyprus