Songa Offshore SE : Songa Offshore SE : Songa strengthens its rig organisation

Songa Offshore SE : Songa Offshore SE : Songa strengthens its rig organisation

Songa Offshore SE ("Songa" or the "Company") strengthens its rig organisation
through the recruitment of Bjørnar Iversen as new president of Songa Rig AS.

Recent events have demonstrated the need for Songa to significantly strengthen
its management capabilities. The recruitment of Bjørnar Iversen will
strengthen our management capacity and - critically - allow us to be much more
hands-on on key projects and processes. This, in combination with the recent
appointments of new board directors with extensive financial and industry
experience, will make the organisation much more fit to face the challenges
ahead, says interim CEO and chairman of the board, Jens A Wilhelmsen.

Bjørnar Iversen will become president of Songa Rig AS, assuming overall
responsibility for Songa Rig AS's commercial relationship to Statoil on the
Norwegian Continental shelf. Rig operation and Rig management will still be
delivered by Songa Management AS, led by Vidar Skjelbred.

The new president of Songa Rig AS, Bjørnar Iversen, has extensive industry
experience. Currently president and CEO of Odfjell Galvão Ltda in Brazil and
member of the executive leadership team at Odfjell Drilling AS, Iversen has
held a number of executive positions through his almost 16 year's tenure at
Odfjell Drilling. He has also been executive vice president for Business
Development and executive vice president for Odfjell Drilling Technology.
Iversen has a Master of Science in Business (siviløkonom) from the Norwegian
School of Business and Economics (NHH), and various management courses from
Harvard Business School and NHH.

- Bjørnar has exactly the qualities we are looking for in his new role. He
understands the industry and the business, he has extensive management
experience and - as an additional bonus - is very familiar with Statoil and of
constructing drilling units in South Korea, says Jens A Wilhelmsen.

Songa has built a unique relationship with Statoil and is assuming a
leadership position in the mid-deep water segment on the Norwegian Continental
Shelf, says Bjørnar Iversen. - Despite obvious challenges, I believe Songa
with the new CAT-D rigs is uniquely placed to become one of the flagship rig
companies on the NCS. I am very enthusiastic about getting the opportunity to
play a key role in building this.

18 February 2013

Limassol, Cyprus

For further information, please contact:

Jens A Wilhelmsen, Chairman and interim CEO +357 9764 9126

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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information contained therein.

Source: Songa Offshore SE via Thomson Reuters ONE
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