January Fleet Update
(Thomson Reuters ONE) - Songa Venus has achieved operating efficiency of 96% during the month. The rigcompleted its last well under contract with ADA Consortium offshore North WestAustralia on 18 January, thereafter demobilized to Singapore where it arrived on30 January and is currently undergoing its Special Periodic Survey ("SPS")inspections.Songa Mercur has achieved operating efficiency of 98% during the month. The rigcompleted its last well under the contract with Oilex in Australian/Timor JPDAarea on 29 January, and is currently demobilizing under tow to Singapore whereit will undergo its SPS.Songa Saturn has achieved operating efficiency of 72% during the month. The rigcompleted its mobilization to Equatorial Guinea, arriving 15 January, and iscurrently working on the first out of two firm wells for CNOOC.Songa Dee has achieved operating efficiency of 79% during the month. Further,the rig suffered under a collision by supply vessel Far Grimshader on 18 Januaryand resumed operations after this incident on 27 January; for the purpose ofcalculating the operating efficiency rate for this period, Songa has assumedthat the standby rate and conditions will apply. The rig continues to operatefor Marathon / Lundin in Norway.Songa Delta has achieved operating efficiency of 97% during the month. The rigis currently working for Wintershall / Det Norske Oljeselskap in Norway.Songa Trym has achieved operating efficiency of 98% during the month. The rigcontinues to operate for Statoil in Norway.Limassol, 8 February 2010About Songa:Songa is a provider of offshore drilling services. With its fleet of six rigs,it currently operates in the North Sea, offshore North and West Australia andoffshore North and West Africa. Songa is headquartered in Limassol, Cyprus.Forward Looking Statements: Certain statements in this announcement areforward-looking. These forward-looking statements represent expectations forSonga's business and results of operations, and involve risks and uncertainties.These forward-looking statements are based on current expectations, assumptionsand projections about future events. Because these expectations and assumptionsinvolve known and unknown risks, uncertainties and other factors, which are insome cases beyond Songa's control, actual results or performance may differmaterially from those expressed or implied by such forward-looking statements.Given the risks and uncertainties, investors are cautioned not to place unduereliance on such forward-looking statements.This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1381877]
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Datum: 08.02.2010 - 11:36 Uhr
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"January Fleet Update
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