NPD Approves StatoilHydro's Drilling of New Well in PL 376

The Norwegian Petroleum Directorate has granted StatoilHydro ASA a drilling permit for wellbore 35/6-1S, cf. Section 8 of the Resource Management Regulations.

Wellbore 35/6-1S will be drilled from the Ocean Vanguard semisubmersible drilling rig at position 61 degrees 32' 2.923" North and 03 degrees 54' 40.819" East, after it completes the drilling of wildcat well 6608/10-12 for StatoilHydro ASA in production license 128.

The drilling program for wellbore 35/6-1S relates to the drilling of a wildcat well in production license 376.

StatoilHydro ASA is the operator with a 60% ownership interest. The other licensees are Gaz de France Norge AS with 20%, Faroe Petroleum Norge AS and E.ON Ruhrgas Norge AS, both with 10% shares.

The area in this license consists of all of block 35/6, as well as the northwest part of block 35/9. The license was awarded in APA 2005, and this is the first well to be drilled in the license.

The drilling permit is conditional on the operator securing all other permits and consents required by other authorities prior to commencing the drilling activity.

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