Statoil Gets OK to Drill Exploration Well in PL 281

Statoil has received consent from the Norwegian Petroleum Directorate to drill exploration well 6405/10-1 with the Transocean Leader. Well 6405/10-1 is located in production license 281.

The well is situated in the Norwegian Sea about 50 km north of Ormen Lange and water depths in the are 928 meters MSL.

The activity has an estimated duration of approximately 80 days.

The Transocean Leader is a semisubmersible built in 1987 and upgraded in 1997. The rig received an Acknowledgement of Compliance (AoC) in December 2004.

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