Statoil to Use the Ocean Vanguard at Asgard

Ocean Vanguard
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Statoil has been given the green light to use the Ocean Vanguard for production drilling on the Asgard field.

The consent relates to drilling of well 6506/12-J-1H on Asgard's Smorbukk field.

The plan calls for drilling to start as soon as the Ocean Vanguard has completed exploration drilling for Total, which is estimated to be in mid-April 2007. The activity on Smorbukk will last for approximately 63 days.

The Ocean Vanguard, which is operated by Diamond Offshore Netherlands BV with an operations office in Stavanger, is a Bingo 3000-type drilling facility which was completed in 1982 at Trosvik Verksted AS. The facility has subsequently undergone a number of upgrades, and it is classified by DNV.

The Ocean Vanguard received the Petroleum Safety Authority's Acknowledgement of Compliance (AoC) in July 2004.

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