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Selling interests on Danish continental shelf

May 5, 2009, 14:20 CEST

This covers interests in five licences on the Danish continental shelf:

30% of 04/06, 05/06, 06/06

25% of 05/98

20% of 01/06

The interests are held by the fully owned StatoilHydro subsidiary, Saga Petroleum Danmark A/S, the ownership of which will be transferred to Bayerngas.

StatoilHydro does not consider offshore Denmark a core growth area for its exploration and production activities, and the divestment frees resources, both from exploration commitments and any future developments, for other major ongoing international projects.