Q3 2007 RESULTS

Fred.Olsen Production ASA revenues were USD 17.2
million (USD 15.3 million) in 3Q 2007 with an
EBITDA of USD 3.9 million (USD 6.6 million,
excluding capital gain). The net financial result
was USD 0.3 million (negative USD 4.0 million).
The result before tax was negative USD 0.2 million.

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