Further Development of the Al Shaheen Field Offshore Qatar

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 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.

"This development project is incremental to our ongoing major development activities at the Al Shaheen Field in Block 5 offshore Qatar," said Thomas Thune Andersen, CEO of Maersk Oil. "We welcome this opportunity to expand the cooperation with the State of Qatar and Qatar Petroleum further."