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Consent to conduct exploration drilling with West Alpha in the Norwegian Sea

StatoilHydro has received consent to conduct exploration drilling of wells 6407/8-4 S and 6407/8-4 A with the mobile facility West Alpha.

The wells are located about 15 km northwest of Draugen (see map) and have the following geographical coordinates:

N 64° 26' 47.8",  E 07° 38' 54.2".

In the event a discovery is made and with an accompanying sidetrack, the drilling of the wells is expected to take about 95 days. Start-up is estimated at mid-April 2008.

The West Alpha is operated by Seadrill Offshore AS, Stavanger. The facility received an Acknowledgement of Compliance (AoC) in December 2001.