US Preference Shares

Enterprise Oil PLC
6 September 2000


          Redemption of US $ Preference Shares

Enterprise Oil plc today issued redemption notices in respect of the whole of
its 9.84 per cent Series B Cumulative Dollar Preference Shares.

The 5.1 million shares have an aggregate nominal value of US $ 127.5 million,
or US $ 25.00 per share.  Redemption will occur on 10 October 2000. 
Enterprise will pay a premium in connection with the early redemption of the
shares of 2.0 per cent of the nominal value, or $ 0.50 per share.  Accrued
dividends to 9 October 2000 of $ 0.1476 per share (net of tax credit) will
also be paid immediately before redemption.

Commenting on the company's decision to exercise its option to redeem the
shares, Andrew Shilston, Group Finance Director, said:  'The group's financial
position has strengthened substantially over the past year.  The Series B
preference shares are no longer needed and have become an expensive part of
our capital structure.  The saving in finance costs will result in an
improvement in earnings per share and interest cover ratios.'


For further information contact:

Peter Thomas, Head of Treasury and Planning               020 7925 4030
Patrick D'Ancona, Head of Public Relations                020 7925 4134
Peter Reilly, Head of Investor Relations                  020 7925 4229