In 2004, Maersk Oil was awarded an Extension Area to Block 5 offshore Qatar to appraise development opportunities. Qatar Petroleum and Maersk Oil have now agreed on a plan for development of the Block 5 Extension Area.

The 2008 Field Development Plan comprises of drilling of up to six (6) horizontal wells from the Al Shaheen Field “I” location in Block 5 into the Extension Area. Oil production from the Extension Area is expected to reach a level of up to 6,000 barrels per day in early 2010.

Map of Block 5 and Block 5 Extension Area

Comment:

“This development project is incremental to our ongoing major development activities at the Al Shaheen Field in Block 5 offshore Qatar. We welcome this opportunity to expand the cooperation with the State of Qatar and Qatar Petroleum further.”

Thomas Thune Andersen, CEO of Maersk Oil, 21 February 2008

Contact: A. Würtzen, Head of Business Services