Songa Wins Work Offshore Libya

Songa Offshore has been awarded a contract from Hess Corporation for the drillship Songa Saturn. This contract is for one well offshore Libya in the fourth quarter of 2007. The contract will commence after the Songa Saturn completes a contract with Noble Energy in Equatorial Guinea.

The revenue totals approximately US $17 million. The Songa Saturn is available for additional work in the Mediterranean at the completion of the Hess Corporation contact.