mikudagur 9. september 2009síða 1

19 SEPTEMBER 2009 Status (1) • No stand-alone solution economic • Collective solution needed to improve economics - increased reserves base - more appraisal drilling - lower project cost - increased gas price certainty • Tormore discovery increased reserves substantially • Sufficiently encouraging for more, dettailed work Status (2) • Two cornerstone projects - Laggan/Tormore + Rosebank/Lochnagar • Industry test appetite for 3rd Party investment • Total have started basic engineering for Laggan/Tormore - onshore hub with gas export to St Fergus - New pipeline capacity og 18 million cm/d. Meets capacity requets from potential 3rd parties • Development Plan submission in early 2010 for Govenment consideration? Deep Water Oil & Gas Hub Deep Water Gas Hub