The well belongs to Production License 394, which is located about 162 km north of the North Cape (map).
The well has the following geographical coordinates:
N 72°37’ 29.1”, E 24° 54’ 43.4”. The water depth is 267 metres.
Polar Pioneer is operated by Transocean Offshore, headquartered in Stavanger. The facility received an Acknowledgement of Compliance (AoC) in May 2004.
Planned start-up of drilling is at the beginning of July 2008, as soon as Polar Pioneer has concluded drilling operations on Ververis for StatoilHydro. The activity is expected to have a duration of 50 days.
Prior to start-up of the drilling activities, StatoilHydro must rectify the non-conformities identified in “Report following audit of planning and follow-up of activities with Polar Pioneer in connection with drilling of well 7124/4-1S”.