Statoil gets clearance to use Ocean Vanguard on new well

March 20, 2014

Statoil has received consent to drill exploration well 25/8-18 S in production licence 169 in the North Sea, offshore Norway.

The well is to be drilled by the Ocean Vanguard mobile drilling facility. The earliest start-up is April 2014 with a duration of approx. 40 days, depending on whether a discovery is made.

Water depth at the site is 129 metres. The well is in the North Sea, 12 km north-east of the Grane field and about 164 km from the nearest land, which is Utsira.

[mappress]

Press Release, March 20, 2014