NPD Issues Drilling Permit for Wellbore 6407/7-8 in Production Licence 107

Monday, June 23, 2008

The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to StatoilHydro Petroleum AS for wellbore 6407/7-8, cf. Section 8 of the Resource Management Regulations.

The drilling program for wellbore 6407/7-8 relates to drilling of a wildcat well in production licence 107. StatoilHydro Petroleum AS is the operator with a 20.00% ownership interest, along with the partners E.ON Ruhrgas Norge AS with 30.00%, Gaz de France Norge AS with 20%, Mobil Development Norway AS with 20%, Petoro AS with 7.5% and Endeavour Energy Norge AS with 2.5%.

Well 6407/7-8 is located about 16 km north of the Njord field. Production licence 107 consists of block 6407/7-8, and was awarded in the 9th licensing round in 1985 with Norsk Hydro Produksjon AS as operator.

Wildcat well 6407/7-8 is the 11th well in production licence 107.

The drilling permit is contingent upon the operator securing all other permits and consents required by other authorities before the drilling activity commences.

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