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28/02/2007 Press release 8/2007:As the operator of Production Licence 393, Norsk Hydro Produksjon AS has concluded the drilling of wildcat well 7125/4-1 in the Nucula prospect.

This production licence is located about 110 km northeast of the 7122/7-1 Goliat discovery and about 65 km north of Honningsvåg. Wildcat well 7125/4-1 was drilled to a total depth of 1,592 m below the sea surface and finished in Early Triassic rocks.

The well proved both oil and gas. Hydrocarbons were found in the Realgrunn subgroup of Late Triassic / Early Jurassic age and in the Kobbe formation of Mid Triassic age. The results from this well are considered promising for the prospectivity in this part of the Barents Sea.

The well was not production tested, but extensive data collection and sampling have taken place. The collected data will be evaluated and analysed in order to determine the resource potential in discovery as well as further plans for the licence. The well will now be permanently plugged and abandoned.

Well 7125/4-1 was drilled with the drilling facility Polar Pioneer at a water depth of 293 m. Polar Pioneer will now be used by Statoil for drilling in the Norwegian Sea.

The licensees in Production licence 393 are:

Norsk Hydro Produksjon (operator) 30 %
Eni Norge AS 30 %
BG Norge AS 20 %
Petoro AS 20 %




Contact in the NPD:
Eldbjørg Vaage Melberg, tel. +47 51 87 61 00

Updated: 12/01/2010