Hydro to drill off southern Norway

Norway's Petroleum Safety Authority has approved plans for the first drilling operation in the Skagerrak region offshore southern Norway.

Offshore staff

OSLO, Norway --Norway's Petroleum Safety Authority has approved plans for the first drilling operation in the Skagerrak region offshore southern Norway.

Operator Hydro will use the semi-submersible rig Polar Pioneer to drill exploratory well 11/5-1 in 176 m (577-ft) of water. The location is 49-km (30.44 mi) south of Farsund in production license 317. Timing depends on the rig's progress with another well on Snohvit in the Barents Sea.

Hydro's partner in the license, Statoil, also has permission from the Norwegian Petroleum Directorate to contract theWest Epsilon for a well on North Sea block 15/6, 7-km (4.35 mi) north of Sleipner Vest, and 3-km (1.86 mi) east of the undeveloped 15/5-1 Dagny field.

06/18/2007

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