Statoil Receives Extension on Use of Transocean Searcher

Statoil ASA has secured consent to continue to use the semisub Transocean Searcher on the Asgard field.

Statoil has applied for an extension of previous consents for use of this facility.

The application relates to the same type of activities that the company has previously secured permission for up to November 2006: production drilling, completion and intervention.

The Norwegian Petroleum Directorate has extended the consent to October 15, 2008.

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