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Consent to conduct exploration drilling with Polar Pioneer

Norsk Hydro Produksjon AS (Hydro) has received consent to conduct exploration drilling of well 6609/6-1 using the mobile facility Polar Pioneer.

Location of well 6609/6-1

Well 6609/6-1 is part of production license 286 where the licensees are Hydro (operator) and Eni Norge AS. The well is located approx. 90 km west of Træna Municipality (see map) and has the following geographic coordinates:

N 66° 41' 59.5", E 09° 56' 01.2".

The exploration well is planned as a vertical well with an estimated total depth of 2710 meters. The water depth at the location is 329 meters.

The estimated duration of the activity is 54 days. If a discovery is made, the activity could be extended by about 21 days for extended logging and limited production testing.

Start-up of the drilling activity depends on the progress of the Polar Pioneer's ongoing well program, but is estimated at 10 September 2007.

The Polar Pioneer is operated by Transocean Offshore with headquarters in Stavanger. The facility received the (AoC) in May 2004.

Contact person in the Petroleum Safety Authority Norway:
Mike Theiss