StatoilHydro Gets PSA Norway's Consent to Drill in Barents Sea

StatoilHydro has received consent for exploration drilling in the Barents Sea with the semisub Polar Pioneer.

The consent applies to appraisal drilling on well 7123/4-1 S and sidetrack 7123/4-1 A.

The water depth at the site is approximately 406 meters. The distance to nearest landfall is 68 kilometers.

The drilling is scheduled to start as soon as Polar Pioneer finishes the drilling operation on well 7222/6-1.

Polar Pioneer is operated by Transocean Offshore. The operation has an estimated duration of 58 days.