StatoilHydro receives Scarabeo 5 consent

StatoilHydro has received consent to use the mobile facility Scarabeo 5 for production drilling on the Alve discovery.

Offshore staff

OSLO -- StatoilHydro has received consent to use the mobile facility Scarabeo 5 for production drilling on the Alve discovery.

Alve is a small gas and condensate discovery in the Norwegian Sea southwest of the Norne field. Production from Alve is to be phased in to the Norne field, with planned start-up in early 2009.

The consent relates to drilling of a new 8½-in. (21.6-cm) section and completion of production well 6507/3-L2 H, which is part of production license 159B.

The company plans to start drilling and completion of the well this month, as soon as the Scarabeo 5 has completed its five-year classification inspection in Ølen. The estimated duration of the activity is 30 days.

10/16/2008

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