ConocoPhillips Confirms North Sea Discovery.

HOUSTON -- ConocoPhillips (NYSE:COP) today confirmed the discovery of a new gas condensate field in blocks 30/6 and 30/7 in the United Kingdom sector of the North Sea, approximately five miles (nine kilometres) west of the Judy field. ConocoPhillips UK Limited is the Operator and holds a participating interest of 36.5 percent in the new discovery along with ENI SpA (33.0 percent) and BG Group (30.5 percent).

Exploration well 30/6-6, which ConocoPhillips drilled earlier this year in a water depth of 265 feet (81 meters), confirmed the presence of a hydrocarbon accumulation. An immediate sidetrack of the well, drilled to a total depth of approximately 16,000 feet (4800 meters) True Vertical Depth Subsea (TVDSS), further delineated the discovery. The sidetrack resulted in a gross hydrocarbon column of more than 2000 feet (600 meters) in the Triassic Joanne sandstone.

"We are currently evaluating the results from the well, to determine the forward plan with regard to appraisal and development activities," said Archie Kennedy, managing director of ConocoPhillips (U.K.) Limited.

ConocoPhillips is an integrated petroleum company with interests around the world. For more information, go to www.conocophillips.com.

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