Successful well appraisal

Enterprise Oil PLC 7 June 2001 For immediate release: Thursday, 7 June 2001 Enterprise Oil announces successful Skarv appraisal Enterprise Oil today announced the successful completion of its Norwegian Skarv appraisal well, drilled some 6.5 kilometres south-west of the original 1998 discovery well. The well encountered gas and oil, and in a separate sidetrack extended the oil column in the fault block thereby proving additional reserves. Logs and samples have been obtained from the well which has been suspended to allow a possible re-entry for production testing. John Crowle, General Manager EONL, commented: 'Skarv is a significant asset for Enterprise in Norway and the results are very encouraging. This is our second successful appraisal in the Norwegian Sea in less than a week following the Svale appraisal well, and clearly demonstrates the prospectivity of the area in which EONL has a strong presence. We will now evaluate the data from Skarv and Svale and examine development options for both fields, though the recent wells on both discoveries have increased our confidence in their potential value.' Licence holders in PL 212 (Skarv) are: Enterprise Oil Norge Ltd 25 per cent BP Amoco Norge AS (operator) 30 per cent Statoil 30 per cent ExxonMobil 15 per cent Licence holders in PL 128 (Svale) are: Enterprise Oil Norge Ltd 10 per cent Statoil (Operator) 40 per cent Norsk Hydro 13.5 per cent Petoro (formerly SDFI) 25 per cent Agip 11.5 per cent Ends. For further information please contact: Peter Reilly, Head of Investor Relations 020 7925 4476 Patrick d'Ancona, Head of Public Relations 020 7925 4160 John Crowle, General Manager, EONL 00 47 5184 3051 Notes to Editors Skarv The Skarv oil and gas discovery was made in April 1998 and extended the southern boundary of the hydrocarbon trend which now encompasses the Idun discovery made in 1999, and the Snadd, Svale and Falk discoveries of 2000. The Skarv appraisal well was drilled by the 'Stena Dee' rig, which has moved on to drill West of Shetland. Svale The Svale discovery was made in May 2000 and is located some 175 kilometres from the Norwegian coast, close to the Norne field. The appraisal well (6605/10-7) was drilled by the Borgland Dolphin in water depth of 377 metres.
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