Statoil to Utilize Deepsea Atlantic in North Sea PL 054

Statoil has received consent to use the Deepsea Atlantic semisubmersible drilling rig in the northern part of the North Sea.

The consent relates to drilling of top hole sections and setting casings in well 31/2-12U. The well is part of production license 054.

The Deepsea Atlantic will have the following geographical coordinates: N 60° 50' 02.82", E 3° 30' 53.96". The water depth at the site is approximately 334 meters.

Activities are planned to start in December 2009 and are expected to last 28 days.

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