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2015-08-24

Songa Offshore SE : Delivery of Songa Endurance

Songa Offshore has today taken delivery of Songa Endurance from Daewoo
Shipbuilding&Marine Engineering (DSME) in Korea.

Songa Endurance will shortly depart South Korea en route to Norway for
commencement of an eight-year drilling contract with Statoil, with first
assignment on the Troll Field on the Norwegian continental shelf. The voyage
to Norway will take place with tow-assist and the rig will arrive with all
third party equipment installed and ready for final acceptance testing.
Commencement of drilling operations is expected to take place around
year-end.

Songa Endurance is a sixth generation, high specification, harsh environment,
midwater rig designed for efficient year around drilling, completion, testing
and intervention operations in water depths up to 500 meters. The rig is
certified DP3 and is equipped with a "state-of-the-art" drill-floor and an
efficient layout with improved safety and working environment features.

Songa Endurance is the second rig in a series of four Category D rigs
specifically built for and contracted to Statoil.

24 August 2015
Limassol, Cyprus

For further information, please contact:
Bjørnar Iversen, CEO (+357 996 49 152)

Seewww.songaoffshore.comfor pictures and video of Songa Endurance.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

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