Songa Venus: JANUARY FLEET UPDATE

Songa Venus achieved operating efficiency of 99% during the month.  The rig continues to operate for Total E&P in Australia. 
Songa Mercur achieved operating efficiency of 40% during the month. As per separate press release sent out 20 January 2011, the BOP and Marine Riser dropped to seabed during the month. BOP and all related equipment have since been successfully recovered to surface and the rig is currently undergoing preparations for tow to Singapore where the BOP and the equipment will be fully inspected and re-certificated.                         
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Source: Songa Offshore

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