Aker BP

Regulatory Filings • Jul 21, 2014

Update on the Gohta-2 well

Update on the Gohta-2 well

Det norske oljeselskap ASA announces that the Gohta-2 appraisal well in

PL492 is about to be completed. The well confirmed presence of oil and

gas and two production tests were undertaken. The test of the gas zone

was successful, whereas the test in the oil zone was inconclusive.

The appraisal well 7120/1-4S was drilled from the rig Island Innovator

in 332 meters of water depth in the Gohta structure in the Barents Sea,

5.3 kilometers north-west from the discovery well 7120/1-3 that was

drilled in 2013, and proved an estimated 111-232 million barrels of oil

equivalents in contingent resources.

The objective of well 7120/1-4 S was to confirm the extent of the

reservoir and reservoir properties in Permian carbonates, in addition to

establishing oil-water and oil-gas contacts in western part of the

structure. Extensive data sampling was carried out in the reservoir,

including coring and fluid sampling.

Well 7120/1-4 S encountered 10 metrs carbonate conglomerate in the upper

part of the Permian succession with good reservoir quality, overlying

fractured carbonates with limited reservoir quality. The conglomerate

zone contains gas condensate, whereas the dense carbonate succession has

oil shows. Two production tests were performed to further assess

reservoir quality and permeability. The test in the oil zone was

inconclusive due to seal issues, and produced 170,000 Sm3 gas/day from

the overlying succession. The test in the gas condensate zone produced

700,000 Sm3 gas and 140 Sm3 oil per day.

Det norske holds a 40 percent interest in the licence. Other partners in

the license are Lundin Norway AS (40 per cent and operator) and Noreco

(20 per cent).

Investor contacts:

Jonas Gamre, Investor Relations Manager, tel.: +47 971 18 292

Håkon Høgetveit, Investor Relations, tel.: +47 476 29 348

About Det norske:

Det norske oljeselskap ASA (DETNOR) is an active exploration company on

the Norwegian Continental Shelf. Det norske's headquarters is in

Trondheim. The company also has offices in Oslo and Harstad. Det norske

is listed on the Oslo Stock Exchange with the ticker "DETNOR". More

about Det norske at www.detnor.no/en/.

This information is subject to disclosure requirements pursuant to

section 5-12 of the Norwegian Securities Trading Act.