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Oil discovery in the North Sea

Maritime Activity Reports, Inc.

January 14, 2008

StatoilHydro Petroleum has concluded drilling of a development well with an exploration target, well 35/11-B-23-H in the Fram area. The well is located 10 km north of Troll. The purpose of this well was to prove petroleum in Middle Jurassic reservoir rocks in the ”C Øst” prospect. The well proved petroleum. The size of the discovery is from 3 – 6 million Sm3 oil equivalents, most of which is oil. The licensees in the production licence will consider producing the discovery to the Fram field. Many exploration wells have been drilled in production licence 090. This is a commitment well for production licence 090 D, which was awarded in APA 2005. The well was drilled to a vertical depth of 2525 m below the sea surface, and was concluded in the Early Jurassic. The part of the well that encountered the exploration target will now be permanently plugged and abandoned. Well 35/11-B23-H was drilled using the Bideford Dolphin drilling facility, which will now continue drilling on Fram.

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