Well 7125/4-1 lies approx. 44 km north of the North Cape (map). The well's geographical coordinates are:
71º 33' 00.6'' N, 25º 14' 22.2'' E.
The well belongs to production license 393, where Hydro is the operator and Eni Norge AS, BG Norge AS and Petoro AS are the other licensees.
Water depth at the site is 293 metres. The semisubmersible drilling facility Polar Pioneer will be used. The facility is operated by Transocean Offshore in Stavanger.
The exploration drilling is planned to start in December 2006 and will last for approx. 40 days. Drilling in oil-bearing layers is permitted from 1 September to 28 February.
Our decision is based on the application submitted by Hydro and the additional documentation showing that the planned operations can be carried out in accordance with prevailing regulations.
Consent is granted under the conditions given in the Acknowledgment of Compliance (AoC) issued for Polar Pioneer on 6 May 2004 with the duties the AoC entails for the shipowner and operator.
Contact in the PSA:
Inger Anda, press spokesperson
Telephone: +47 970 54 064