Songa Offshore SE : Report for the first quarter 2016

Songa Offshore SE reports total revenue for the first quarter 2016 of USD 137 million and EBITDA of USD 71 million.

"Songa Offshore has now taken delivery of all four Cat D rigs. Three rigs have commenced drilling operations while the fourth rig, Songa Enabler, is expected to commence its drilling contract in August. We are satisfied to see that our fleet continues to deliver safe- and cost efficient operations.

During the quarter, the company has completed a comprehensive refinancing, and we have now strengthen the financial position for the coming years", says Songa Offshore CEO, Bjørnar Iversen.

Please find attached the Report and the Presentation for the first quarter 2016.

27 May 2016
Limassol, Cyprus

Board of Directors
Songa Offshore SE

Questions should be directed to:
Bjørnar Iversen, CEO (+357 99649152)
Jan Rune Steinsland, CFO (+47 97052533)