Norway's PSA Gives Consent for Statoil to Use West Navigator

The Norwegian Petroleum Safety Authority has granted Statoil consent for exploration drilling with the drillship West Navigator on Alve.

West Navigator is operated by Smedvig Offshore. The drillship was the first to receive the Norwegian Petroleum Directorate's Acknowledgement of Compliance on September 19, 2000.

The West Navigator recently drilled three wells off the coast of Mauritania in West Africa and is now in the process of completing a five-year classification at a shipyard in Spain.

The consent covers drilling of the wildcat well 6507/3-4, production license 159. The well is an appraisal well on the Alve structure and its purpose is to prove hydrocarbons in the Fangst & Bat groups as well as identify fluid systems and contacts.

Planned start-up of the activities is March 15, 2004, with an estimated duration of about 50 days.
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