Songa Offshore SE : Songa Offshore SE : Handover of Songa Eclipse

      Songa Offshore SE : Songa Offshore SE : Handover of Songa Eclipse

Songa Offshore SE ("Songa") has today finalised the formal handover of Songa
Eclipse to Seadrill in line with the Memorandum of Agreement from November
2012.

As previously reported, Songa's net proceeds from the sale is USD 590 million.
After repayment of debt, the net cash effect from the sale proceeds will be
approximately USD 285 million.

With the handover of Songa Eclipse now completed, Songa has further
strengthened its positionto become a leading international mid-water rig
operator, says interim CEO and chairman of the board, Jens A Wilhelmsen.

3 January 2012

Limassol, Cyprus



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



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Source: Songa Offshore SE via Thomson Reuters ONE
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