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Consent to conduct exploration drilling with Ocean Vanguard – well 6507/3-8

Consent: StatoilHydro has received consent to conduct exploration drilling in the Norwegian Sea using the mobile facility Ocean Vanguard.

The consent relates to the drilling of exploration well 6507/3-8, which is part of production licence 159B.

The well has the following geographical coordinates:

N 65° 59' 28.2",  E 7° 59' 27.7".

The plan is to commence drilling as soon as the Ocean Vanguard has concluded the drilling of exploration well 6608/10-13.

The planned start-up date for drilling is in early November 2009. The operation has an estimated duration of approximately 42 days.

Ocean Vanguard is a semi-submersible, third-generation drilling facility of the type Bingo 3000, built in 1982. It is operated by Diamond Offshore with operations office in Stavanger and with technical and operational support from the company's office in Aberdeen.

The facility is registered on Marshall Island with Det Norske Veritas as classification society.

Ocean Vanguard received an Acknowledgement of Compliance (AoC) in July 2004 (link).