StatoilHydro to Use Transocean Leader on Stetind Well

StatoilHydro has received consent from the Petroleum Safety Authority Norway to drill exploration well 6605/8-2 with the Transocean Leader.

The Stetind prospect is in production license 283 and is located in the Voring basin approximately 125 kilometers west by northwest of Norne.

Drilling is scheduled to start in February 2008 and expected to take approximately ninety-eight days.

Transocean Leader semisub received its Acknowledgement of Compliance (AoC) in December 2004.

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