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Songa Offshore SE: Songa Offshore SE : July fleet update

2014-08-05 08:01:00
Ticker Giełda ISIC Kraj Miasto
SONG XOSL Norway Oslo






Songa Dee achieved an operational efficiency of 100% and an earnings efficiency

of 99% during the month working for Statoil in Norway.



Songa Delta achieved an operational efficiency of 100% and an earnings

efficiency of 100% working for Statoil in Norway.



Songa Trym achieved an operational efficiency of 100% and an earnings efficiency

of 98% during the month working for Statoil in Norway.



Songa Venus went off contract on May 6, 2014, and is now stacked in Labuan,

Malaysia, where it pursues future work.



Songa Mercur achieved an operational efficiency of 100% and an earnings

efficiency of 100% during the month working for Idemitsu in Vietnam.



Following the sale of the Songa Mercur and Songa Venus on July 23, Songa

Offshore SE will discontinue to report operating and earnings efficiency for the

Songa Mercur from August 2014. Songa Offshore SE will continue to report

operating and earnings efficiency for the Songa Venus due to the bareboat

agreement between Songa Offshore SE and Opus Offshore Group.





August 5, 2014

Limassol, Cyprus





This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.







This announcement is distributed by GlobeNewswire on behalf of

GlobeNewswire 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 GlobeNewswire

[HUG#1846459]





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