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Q2 2007 RESULTS

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Fred.Olsen Production ASA revenues were USD 17.4
mill (USD 15.7 mill) in 2Q 2007 with an EBITDA of
USD 8.3 mill (USD 7.0 mill). The net financial
result was negative USD 0.8 mill (negative USD
0.7). The result before tax was USD 2.5 mill (USD
4.4 mill).

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