StatoilHydro secures Arenaria drilling consent

StatoilHydro has received consent to conduct exploration drilling of well 7224/6-1 (Arenaria) with the Polar Pioneer.

Offshore Staff

STAVANGER -- StatoilHydro has received consent to conduct exploration drilling of well 7224/6-1 (Arenaria) with the Polar Pioneer. The well is on production license 394, north of the North Cape in 267 m (876 ft) of water.

Drilling start-up is planned for the beginning of July 2008, as soon asPolar Pioneer has concluded drilling operations on Ververis for StatoilHydro. The activity is expected to last 50 days.

06/17/2008

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