PSA Norway Nods Talisman's Use of Jackup Maersk Giant

PSA Norways has granted Talisman Energy Norge AS consent to use the jackup Maersk Giant for the drilling of a new sidetrack in well 15/12-17A.

The well is located in the Varg Sor area, approximately 230 kilometers west of Egersund. After drilling and completion of the sidetrack, the well will produce gas/condensate and be tied in to existing subsea facilities on the Rev field. Production will be routed to the Armada facility on the British Shelf.

Maersk Giant is a jackup drilling rig owned and operated by the A.P. Moller-Maersk Group. The jackup was built in Japan by Hitachi and commissioned in 1986. Maersk Giant can operate in water depths of up to 107 meters and can accommodate 87 persons. Maersk Giant received an Acknowledgement of Compliance (AoC) in February 2002.

According to Talisman, drilling will commence at the end of July 2008 at the earliest and is expected to last for approximately 62 days.

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