Stmnt re Press Comment

Enterprise Oil PLC 20 April 2001 Enterprise Oil correction to Financial Times article Enterprise Oil would like to correct the article appearing in today's Financial Times regarding the Corrib gas project offshore the West Coast of Ireland, which gave a misleading report on the current status of the development. The article suggests that the European Commission is seeking to block the project as a result of the co-venturers' earlier request for an exemption from the Commission in order to market gas jointly. As a press release from the European Commission today has made clear this is not the case. The Commission has merely closed its investigation as a result of the co-venturers' current plans to market gas individually, leading to their withdrawal of the request, a move the Commission welcomes in its announcement today. There is no possibility that the project will be blocked or delayed as a result of its investigation. Enterprise Energy Ireland, a subsidiary of Enterprise Oil and operator of Corrib, and its co-venturers, Statoil and Marathon, continue to progress the project and look forward to working with the local community and all relevant authorities to make Corrib a success. Ends. For further information please contact: Patrick d'Ancona, Head of Public Relations 020 7925 4160 Rosemary Steen, PR and Government Affairs Manager, Dublin 00 353 1 665 2200
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