Statoil Gets Go Ahead to Use West Epsilon

Statoil has received consent from the Petroleum Safety Authority Norway to carry out exploration drilling with the West Epsilon in the northern North Sea.

The West Epsilon will drill exploration wells 16/2-3 and 16/2-4. The wells are part of production license 265 and are situated directly south of Balder and Grane.

In its application for consent dated March 7, 2007, Statoil writes that planned start-up of the drilling application will be in May 2007. The activity will have a duration of approximately 70 days, which includes drilling of both wells.

The West Epsilon is a jackup operated by Seadrill Offshore AS, Stavanger. The facility received an Acknowledgement of Compliance (AoC) in February 2003.

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