Songa Offshore SE

Songa Venus secures contract extension

Songa has entered into a contract extension and farm out agreement with Mubadala Petroleum from the current contract with Petronas. The extension will cover a total of four firm wells in Vietnam and Malaysia under the current contract terms and conditions.  This extension will see the unit occupied until October 2013.  The extension has an aggregated revenue value of approximately USD 21 million. 

Limassol, 1 March 2013

Questions should be directed to:
Geir Karlsen, CFO [phone] / [phone]

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Songa Offshore SE via Thomson Reuters ONE

HUG#1675395