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Consent for exploration drilling in the Barents Sea - well 7222/11-1

Consent: StatoilHydro has received consent for exploration drilling in the Barents Sea with the mobile facility Polar Pioneer.

The consent applies to drilling of exploration well 7222/11-1, Caurus (see map), which belongs to production licence 228.

Location of the well 

The well has the following geographical coordinates:

N 72° 04' 20.71",  E 22° 28' 27.38". The distance to the nearest landfall is 120 kilometres and the water depth at the site is 357 metres.

The start-up of the drilling activity depends on the progress of Polar Pioneer's ongoing drilling activity at Arenaria. Spudding is scheduled for August 2008. The activity has an estimated duration of 45 days.

Polar Pioneer is operated by Transocean Offshore, which is domiciled in Stavanger. The facility received an Acknowledgement of Compliance (AoC) in May 2004.