StatoilHydro Gets Go-Ahead to Drill with Transocean Leader

StatoilHydro has received consent to conduct exploration drilling of well 6705/10-1 with the semisubmersible drilling facility Transocean Leader.

The well belongs to Production License 327B and is located in the Norwegian Sea about 345 kilometers west of Sandnessjoen.

The well has the following geographical coordinates:
N 67 degrees 00' 58.319", E 05 degrees 17' 48.559". Water depth at the site is about 1,340 meters. Drilling will start in January 2009 and has an estimated duration of 65 days.

Transocean Leader is a semisubmersible mobile drilling facility owned and operated by Transocean Offshore Ltd. It was delivered in 1987 from Hyundai Heavy Industries in Korea. The facility received the PSA's Acknowledgement of Compliance in December 2004.

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