Stockholm, 31 March 2016

Phase 3 infill drilling campaign

The Phase 3 drilling campaign in the Baobab field in the Ivory Coast has been successfully completed in the first quarter of 2016 with an additional six production wells completed. The new wells have nearly doubled production from the Baobab field from 14 000 bbl/day to an average of 27 000 bbl/day in 2016.

The campaign has been done using the Transocean Cajun Express semi-submersible.