PSA Gives StatoilHydro Green Light to Drill on Sleipner Vest

StatoilHydro has received consent to conduct exploration drilling and use the West Epsilon jackup drilling rig on Sleipner Vest.

The consent applies to exploration drilling of well 15/9-B-1, and use of West Epsilon to conduct production drilling of wells 15/9-B-2 and 15/9-B-8.

The drilling campaign starts in June, and is expected to last until December 2010.

Depending on the time for yard overhaul and the progress of the drilling, a fourth well may possibly be drilled.