Statoil to Spin Bit at Visund Sor

Statoil has received consent to use the Ocean Vanguard mobile facility in the northern part of the North Sea.

The consent relates to drilling of three production wells on Visund Sør. The plan is to partially complete all three wells, 34/8-V-4 BY1H/BY2H, 34/8-V-3 H, 34/8-V-1 BY1H/BY2H, with Ocean Vanguard.

Visund Sør is located approx. nine kilometers southwest of the Visund field, and approx. 125 kilometers from land, Værlandet in Askvoll, Sogn og Fjordane.

The earliest possible start date for the operation on Visund Sør is in the beginning of August 2011. The operation has an expected duration of 300 days.

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