StatoilHydro has delivered an extensive exploration programme on the NCS in 2008. We participated in 39 exploration and appraisal wells, of which 27 resulted in discoveries. In addition, we completed nine exploration extensions, six of which resulted in discoveries. Total exploration expenditure was NOK 8.7 billion in 2008, compared with NOK 5.7 billion in 2007 and NOK 4.6 billion in 2006.

The total capital expenditure in 2008 was NOK 34.9 billion compared with NOK 31.1 billion in 2007 and NOK 29.2 million in 2006. Around half of our investments are related to new fields, while the other half are investments in existing fields.

In total, seven new fields came on stream on the NCS in 2008: Volve, Gulltopp, Gamma Main Statfjord, Vigdis East, Theta Cook, Oseberg Delta and Vilje.

Our production of oil and gas on the NCS averaged 1.461 mmboe per day in 2008, compared with 1.417 mmboe per day in 2007 and 1.474 in 2006.