Talisman Completes Krabbe Appraisal

Talisman Energy Norge AS, operator of production license PL 301, has finished the appraisal well 7/8-5 S.

The appraisal well 7/8-5 S was drilled 2 km southeast of the 7/8-3 Krabbe discovery well in sandstones of Jurassic age.

The objective of the well was to appraise the size of the discovery in exploration well 7/8-3. The well was drilled in 81 meters of water to a total depth of 4,168 meters below the rotary table.

Development of Krabbe is currently being evaluated, along with the Mime Field, which is planned to be appraised later in 2006. The Mime Field, which was operated by Hydro, was closed down in 1993. Mime is located in the southern part of the Norwegian North Sea, west of the Ula-Gyda area.

The appraisal well has been suspended as a potential future water injector.

The well was drilled with Maersk Giant, which will now move on to drill a production well on Varg.

The licensees in PL 301 are Talisman Energy Norge AS (operator) 60.00% and DONG Norge AS 40.00%.

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