Statoil Gets Green Light to Drill with Scarabeo 5 on Morvin

Statoil has received consent to use the Scarabeo 5 semisub for drilling and completion of production wells on Morvin, which lies approximately 20 kilometers north of the Kristin field and 15 kilometers west of the Åsgard field.

Statoil will drill and complete up to four wells in two subsea templates on the seabed which will be connected to Åsgard B using an approximately 20 kilometer long pipeline.

The consent applies to the wells 6506/11-A-1 H, A-2 H, A-3 H and 6506/11-B-3 H. The water depth at the site is about 350 meters.

Planned start-up of the drilling activities is in December 2009. The activity has an estimated duration of 390 days.