The table details certain financial information for our four business segments: Exploration & Production Norway (EPN), International Exploration & Production (INT), Natural Gas (NG) and Manufacturing & Marketing (M&M). When combining business segment results, we eliminate intercompany sales. These include transactions recorded in connection with our oil and natural gas production in the EPN or INT segments, and also in connection with the sale, transport or refining of our oil and natural gas production in the M&M or NG segments.

EPN produces oil, which it sells internally to Oil Sales, Trading and Supply (OTS) in the M&M segment, which then sells the oil in the market. EPN also produces natural gas, which it sells internally to our NG segment, also for sale in the market. A large share of the oil and a small share of the natural gas produced by INT is also sold in the same way as the oil and natural gas produced by EPN. The remaining oil and gas from INT is sold directly in the market. We have established a market price-based transfer pricing policy whereby we set an internal price at which our EPN business area sells oil and natural gas to the M&M and NG segments.

The transfer price formula for natural gas produced by EPN and marketed and sold by NG was changed with effect from 1 January 2008 in order to to better reflect fundamental changes in the markets for competing energies, for instance crude oil, for developments in natural gas markets and for changes in the natural gas sales contracts portfolio. The new internal price is linked to the gas market prices, and it also better reflects the distribution of value creation between NG and EPN. In 2008, the transfer price was NOK 1.87 per scm. The change was effective as of 1 January 2008 and is reflected in our financial reporting, without restating prior periods. The average transfer price for natural gas per standard cubic metre was NOK 1.87 in 2008, NOK 1.39 in 2007 and NOK 1.36 in 2006. For sales of oil from EPN to M&M, the transfer price of oil is the applicable market reflective price minus a margin of NOK 0.70 per barrel.

For additional information please refer to section Segments in Notes to the Consolidated Financial Statements, Form 20F.

The table shows certain financial information for our four segments, including intercompany eliminations for each of the years in the three-year period ending 31 December 2008.