GDF Suez Strikes Gas at Juliet Well in Southern North Sea

GDF SUEZ and its license partner, First Oil Expro Ltd, have announced a new gas discovery in the Southern Basin sector of the United Kingdom Continental Shelf. The 47/14b-10 "Juliet" well is located to the south of the Amethyst gas field, about 40 km due east of the Humber Estuary.

Drilled using the Noble Piet van Eide to a total depth of 9,502 feet, the well has flowed at rates of up to 38 million standard cubic feet per day.

Rene Montaz-Rosset, GDF SUEZ E&P UK Ltd's Managing Director said, "This discovery, which is in a new area for GDF SUEZ, represents a continuation of our high success rate for exploration drilling in the Southern North Sea. Since 2001 we have operated or participated in 11 wells with a 91% commercial success rate. The forward plan for Juliet is to evaluate the development options during the first half of 2009 with the possibility of first gas in late 2010 or early 2011."

GDF SUEZ is operator of the P.614 (Block 47/14b) license with a net equity interest of 51.56%. First Oil has
a net equity of 48.44%.

GDF SUEZ E&P UK Ltd, previously GDF Britain Ltd, is a wholly owned oil and gas exploration and production
subsidiary of the GDF SUEZ Group, active in the UK.
 

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