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6407/8-4 A

16/06/2008 Press Release 32/2008:StatoilHydro Petroleum AS, operator of production licence 348, is currently concluding the drilling of wildcat well 6407/8-4 A. The well is located 30 kilometres north-east of the Njord field and 9 kilometres north-west of the Draugen field in the Norwegian Sea.

The purpose of the well was to prove petroleum in Middle to Lower Jurassic reservoir rocks in the northern segment in a prospect called Galtvort. The well was a planned sidetrack and it proved gas in the Middle to Lower Jurassic reservoir rocks. In May 2008, discovery well 6407/8-4 S proved gas at the same level in the southern segment of the Galtvort prospect. The total size of the discovery is estimated at 1-3 billion Sm3 recoverable gas. The licensees will now evaluate the size of the discovery for further clarification prior to considering potential development solutions. The well was not formation-tested, but extensive data collection and sampling has been done on the reservoir.

These two wells are the first in production licence 348, which was awarded in APA 2004 (Awards in Pre-Defined Areas). The next exploration well in the licence is planned for 2009.

Well 6407/8-4 A was drilled to a vertical depth of 2300 metres below the sea surface, and was concluded in the Åre formation in the Lower Jurassic. Water depth at the site is 266 metres. The well will now be permanently plugged and abandoned.

The well was drilled using the West Alpha drilling facility, which will now proceed to production licence 107 in the Norwegian Sea to drill wildcat well 6407/7-8, operated by StatoilHydro.

The licensees in production licence 348.

-  Endeavour Energy Norge AS: 2.5%
-  Concedo ASA: 5%
-  Petoro AS: 7.5%
-  E.ON Ruhrgas Norge AS: 17.5%
-  Norwegian Energy Company ASA 17.5%
-  Gaz de France Norge AS: 20%
-  StatoilHydro Petroleum AS: 30%





Contact in the NPD:
Eldbjørg Vaage Melberg, tel. +47 51876100

Updated: 04/09/2009