BP Exercises 5th Option for Leiv Eiriksson

BP Exploration (Angola) Limited has exercised the 5th option well under the present contract in Angola for Leiv Eiriksson in deepwater Block 31. This well, which will last for an estimated 60 days, will be drilled in a sequence with the previously announced 4th option under the contract. Both wells together are estimated to employ the semisub into 2004.