Norsk Hydro to Drill Exploration Well 25/11-24 S with Transocean Winner

Petroleum Safety Authority Norway

Norsk Hydro Produksjon a.s has received consent to carry out exploration drilling using the semisub Transocean Winner. The rig will drill exploration well 25/11-24 S (Midway) southwest of Grane. The drilling activity is expected to start in the end of January 2007, after completion of the drilling of exploration well 6507/11-7. If the well is dry, the estimated duration of the activity is 49 days.

No decision has been made regarding production testing of a potential discovery. The well will be permanently plugged and abandoned.