StatoilHydro Gets Greenlight to Drill 2 North Sea Wellbores

The Norwegian Petroleum Directorate has granted StatoilHydro ASA a drilling permit for wellbores 34/8-13 A and 34/8-13 S, cf. Section 8 of the Resource Management Regulations.

The drilling program for wellbores 34/8-13 A and 34/8-13 S concerns the drilling of appraisal wells in production license 120. The wells will be drilled from the Scarabeo 5 semisubmersible drilling rig at position 61 degrees 24'14.8" North and 02 degrees 34'50.0" East.

The area in this permit consists of block 34/8 in the North Sea. The Visund field is located in this block. StatoilHydro ASA is the operator, with an interest of 59.06%. The other licensees are Petoro AS (16.94%), ConocoPhillips Skandinavia AS (13%) and Total E&P Norge AS (11%).

The drilling permit has been granted on the condition that all other permits and consents required by other authorities have been secured before the drilling activity commences.

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