Santos Exercised Option On Songa Mercur

Songa Offshore ASA Songa Offshore ASA is pleased to announce that Santos has exercised its third and final option available on the Songa Mercur Contract for work on the Western Shelf of Australia.

The exercised option period runs for an additional six months from 17 January 2009 until 17 July 2009. The dayrate for this new period is USD 400,000.

Oslo, 17 July 2008

Songa Offshore ASA

http://www.songaoffshore.no

ISIN: NO0010268451

Stock Identifier: XOSL.SONG