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15/12-12 Rev

27/02/2007 Press release 7/2007:Talisman Energy Norge AS has proven additional resources to the discovery 15/12-12 Rev (previously called 15/12-12 Varg Sør).

Talisman is the operator of Production licence 038 C, which is located six kilometres south of the Varg Field in the southern part of the North Sea.

The appraisal well 15/12-17 S with the sidestep 15/12-17 A was drilled with the drilling facility Mærsk Giant at a sea depth of 87 metres. The drilling extended to a total depth of 3,371 metres and 3,620 metres respectively below the sea surface. The well 15/12-17 S was concluded in rocks of Permian age and the sidestep 15/12-17 A in Triassic rocks. Gas with some condensate was proven in sandstone of late Jurassic age.

The Norwegian Petroleum Directorate's estimate for additional resources indicate around 1.1 billion Sm3 of recoverable gas and approx. 0.2 million recoverable condensate. Total recoverable resources for Rev thus amount to around 5 billion Sm3 gas and 0.8 million Sm3 condensate. The licensees will now proceed with their planning to further develop the additional resources in the Rev structure. The well will be temporarily plugged and abandoned for later use as a potential producer.

The drilling facility Mærsk Giant will now be moved to Mime, west of the Ula field, to drill the appraisal well 7/11-11 S for Talisman Energy Norge AS.

The licensees in Production licence 038 C are:

Talisman Energy Norge AS 70%
Petoro AS 30%



Contact in NPD:
Eldbjørg Vaage Melberg, 51 87 61 00

Updated: 12/01/2010