Statoil - 2

Gas/condensate was discovered at the 6506/9-3 exploration well on production license 479 in the Smørbukk North prospect in the Norwegian Sea. The preliminary estimate of the size of the discovery is 25 to 47 million BOE of Middle Jurassic age. Statoil (40.95%) is the operator in partnership with ENI Norge (19.6%), Petoro (14.95%), ExxonMobil Exploration & Production Norway (14.7%), and Total E&P Norge (9.8%).