Statoil Gets Consent to Use Vega, Vega Sor

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Consent was given for the use of Vega and Vega Sor, which consist of three subsea templates located on Vega Nord, Vega Sentral and Vega Sor. These subsea templates will be tied to the Gjoa facility via a production pipeline and an umbilical. Gjoa is scheduled to commence production in October 2010. Gjoa is located on Blocks 35/9 and 36/7 in the Norwegian North Sea in a water depth of 1,181 feet (360 meters). Partners in the project include Gaz de France with a 30% interest, Petoro also with 30%, Statoil with 20%, Shell with 12% and RWE with the remaining 8%.

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