Hydro to Use Transocean Winner on Njord

Norsk Hydro Produksjon AS has received consent from the Petroleum Safety Authority Norway to conduct exploration drilling with the Transocean Winner and to use rig for production drilling.

The consent relates to drilling of exploration well 6407/7-7 S and drilling of production well 6407/7-B-1 Y1H (sidetrack).

The wells are part of production license 107 and are situated on the northwest flank of the Njord field.

The plan is to start drilling around May 20, 2007.

The Transocean Winner is a third generation semisub of GVA-4000 design, built in 1983 at Gotaverken Arendal, in Gothenburg, Sweden. Transocean received an Acknowledgement of Compliance (AoC) for the facility in August 2006.

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