Re Enterprise US Find

Enterprise Oil PLC
1 April 2002



Monday, 1 April 2002



                 Enterprise Oil Discovery in US Gulf of Mexico

ChevronTexaco, as operator, today announced a major discovery at the Tahiti
Prospect located in Green Canyon Block 640 in the US Gulf of Mexico. The block
is approximately 190 miles southwest of New Orleans.

Interests in Green Canyon Block 640 are:

Enterprise Oil                            17 per cent
ChevronTexaco (operator)                  58 per cent
PanCanadian                               25 per cent



The Tahiti #1 well is located in 4,017 feet of water and was drilled to a total
depth of 28,411 feet measured depth on 29 March using the Transocean Sedco Forex
Discoverer Deep Seas drilling vessel. Results from the exploratory well indicate
the presence of high quality reservoir sand with total net pay of more than 400
feet.

Sam Laidlaw, Enterprise's Chief Executive, commented: 'This is an exciting
development in Enterprise's work in the US Gulf and early endorsement of the
strategy we announced in February. This discovery is significant, and the
partnership - which has worked very well together - will now determine the best
forward plan to evaluate the fuller potential of Tahiti. With the Boomvang
development due on stream in the middle of 2002 and work continuing on moving
our operated Llano project towards sanction this year, Enterprise's US business
is building momentum.'

                                    - ends -

For further information, please contact:
Patrick d'Ancona, Head of Public Relations                         020 7925 4134
Peter Reilly, Head of Investor Relations                           020 7925 4229



Notes to Editors

The other well in the US Gulf of Mexico which Enterprise has been drilling, Deep
Mensa, operated by Shell, has been temporarily suspended. The well, drilled in
Mississippi Canyon Block 687, has been temporarily abandoned for technical
reasons at 27,278 feet. The main objectives of the well were not reached and the
operator and partners will now examine data from the well to determine whether
to re-enter the well at a later date.



                      This information is provided by RNS
            The company news service from the London Stock Exchange