Independent study confirms Ebok field resource potential

An independent assessment of the in-place oil and recoverable oil reserves from the Ebok field by Netherland, Sewell & Associates Inc. (NSAI), post drilling of the Ebok-4 appraisal well, has preliminarily confirmed a P50 STOIIP of 148 MMbbl oil for the FB1 and FB-2 areas of the field.

Offshore staff

LONDON -- An independent assessment of the in-place oil and recoverable oil reserves from the Ebok field by Netherland, Sewell & Associates Inc. (NSAI), post drilling of the Ebok-4 appraisal well, has preliminarily confirmed a P50 STOIIP of 148 MMbbl oil for the FB1 and FB-2 areas of the field. Recoverable reserves have been calculated at 41.2 MMbbl. NSAI has further assigned 14 MMbbl of oil resources to the FB-1 and FB-2 field area.

An additional 21 MMbbl of contingent oil reserves and 33 MMbbl prospective resources have been assigned to other areas of the field including the Ebok West and Ebok North Fault blocks.

Successful appraisal of the Ebok West fault block and Northern area closures as well as down-flank potential in the FB1/FB-2 areas during the initial development phase of the field is expected to lead to increased field production and a potential reserves upgrade in line with the resource assessment outlined by NSAI.

03/26/2009

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