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Consent to conduct exploration drilling with West Alpha

Eni Norge AS (Eni) has secured consent to conduct exploration drilling of well 6507/2-4 using the mobile facility West Alpha.

West AlphaThe well is located in the Norwegian Sea and has the following geographic coordinates:

N 65° 56' 27.42", E 07° 35' 38.17".

Well 6507/2-4 is part of production license 122 which is operated by Eni, with DONG Norge AS and Statoil ASA as the other licensees.

The plan calls for drilling to commence in September 2007 and last for approx. 45-60 days.

The West Alpha (pictured) is operated by Seadrill Offshore (North Sea) Ltd. NUF. The facility received an (AoC) in December 2001.

Contact person in the Petroleum Safety Authority Norway:
Mike Theiss