StatoilHydro Granted Barents Sea Permit

The Norwegian Petroleum Directorate has granted StatoilHydro a drilling permit for well 7226/2-1 in the Barents Sea.

The drilling program for well 7226/2-1 if for the drilling of a wildcat well 194 kilometers northeast of Nordkapp.

StatoilHydro is the operator with a 50 percent ownership interest. The other licensees are BG Norge ASA with 30 percent and Petoro AS with a 20 percent ownership interest.

The area in production license 395, awarded in the 19th Licensing Round in 2006, consists of the blocks 7226/2, 7226/3 and 7227/1. Wildcat well 7226/2-1 is the first well in this production license and the wellbore will be drilled from the Transocean Polar Pioneer semisub.

The drilling permit is granted on the condition that all other permits and consents required by other authorities have been secured before the drilling activity commences.

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