StatoilHydro Gets Go-Ahead to Drill New Well with Polar Pioneer Semisub

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to StatoilHydro Petroleum AS for wellbore 7223/5-1, cf. Section 8 of the Resource Management Regulations.

Wellbore 7223/5-1 will be drilled by Transocean's Polar Pioneer semisubmersible drilling rig at position 72 degrees 32' 06.07" N and 23 degrees 20' 07.80" E.

The drilling program for wellbore 7223/5-1 relates to the drilling of an appraisal well in production license 228. StatoilHydro Petroleum AS is the operator, with a 100% ownership interest.

Well 7223/5-1 is located 180 km from the coast and 110 km from well 7122/6-2 (Tornerose). Production license 228 was awarded in the Barents Sea project in 1997, with Saga Petroleum ASA as operator.

Appraisal well 7223/5-1 is the third well in production license 228.

The drilling permit is conditional upon the operator securing all other permits and consents required by other authorities before the drilling activity commences.

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