RWE Makes Eighth Oil Discovery in Libya



In addition to NOC's announcement on September 29, 2008, RWE Dea announced that its exploration success has reached a total of six discoveries in Concession NC 193. The well G1-NC 193 encountered oil in the Upper Satal Formation at a depth of 4631 to 4661 ft.

RWE Dea's New Field Wildcat G1-NC193 tested oil with a quality of 33.8 degrees API at a net rate of 426 bbls/day. This discovery is the latest in a string of eight during the last two years -- six in Concession NC 193 and two in Concession NC 195. It is located in the eastern vicinity of the previous B1 discovery, where already two appraisal wells have been drilled.

Further appraisal wells are scheduled to delineate the cluster of now six discoveries in concession NC 193 with a view towards bringing them on-stream as early as possible.
 
The concession NC 193 was awarded to RWE Dea in 2003. Libya is one of the key regions of RWE Dea's upstream business, where the Company has been operating since June 2003. RWE Dea's license acreage in Libya covers a total of more than 40,000 square kilometers over seven concessions combined.

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