StatoilHydro Extends Contract with Odfjell for Deepsea Trym

On behalf of the partners in the Troll license, StatoilHydro has entered into an agreement on a two-year extension of a current contract with Odfjell Drilling for the Deepsea Trym drilling rig.

"Deepsea Trym has been employed on the Troll field since 2005 and will continue to operate on the field during the extended contract period through 2011," said Atle Reinseth in the Projects business area.

This contract gives StatoilHydro good rig coverage at the Troll field for the next years and allows realization of the planned drilling activities in the area.

"The contract extension allows StatoilHydro to continue carrying out efficient and good resource management on the Norwegian continental shelf. Increased oil recovery is an essential part of the further development of the Troll field," says Ivar Aasheim, senior vice president for Operations North Sea.

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