StatoilHydro to Conduct Exploration Drilling in Southern North Sea

StatoilHydro has been granted consent to conduct exploration drilling in the southern North Sea with the West Epsilon jackup.

Well 16/2-5 is part of production license 265 and is located 190 kilometres west of Stavanger. The well has the following geographical coordinates: N 58 degrees 48' 50.91", E 02 degrees 22' 11.02". The water depth at the site is 110 meters.

Start-up is planned for January 2009 as soon as West Epsilon has finished the drilling of well 2/5-13. The activity is expected to last from 66 to 100 days, depending on discoveries.

The jackup drilling facility West Epsilon is operated by Seadrill Offshore AS (Seadrill), Stavanger. The Petroleum Safety Authority Norway granted an Acknowledgement of Compliance for West Epsilon on February 14, 2003.


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