Songa Offshore ASA consolidated after tax loss for 
the first quarter 2007 was USD 5.0 million. 

Revenue for the first quarter was USD 40.7 
million. 

Operating expenses for the first quarter were USD 
18.5 million. This includes a reversal of costs 
related to the fair value of the option to buy the 
BOP on Songa Mercur.  

EBITDA for the first quarter was USD 22.2 million.

Net financial expenses for the first quarter were 
USD 17.5 million. 

Earnings per share (EPS) for the first quarter was 
USD -0.06. Diluted earnings per share (DEPS) for 
the first quarter was USD -0.06.

The full report is available on the enclosed 
attachment.
 
Oslo, 14 May, 2007
Board of Directors
Songa Offshore ASA
 
Questions should be directed to:
 
Tom E. Jebsen, CFO +47 2301 1431 / +47 90 747 997