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Consent to use Mærsk Giant on Varg

The Norwegian Petroleum Directorate has given Pertra AS its consent for drilling with Mærsk Giant.

The rig will be placed close to the Varg A platform. The water depth at location is 84 meters.

The activity includes the drilling of two side track wells and will start in the middle of October, 2003.

Mærsk Giant achieved the NPD's ">Acknowledgement of Compliance (AOC) in February, 2002.