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Completed well in J10 prospect

July 21, 2003, 01:00 CEST

As operator of exploration and production license 195 in the North Sea, Hydro has concluded drilling exploration well 35/8-5 S in the so-called J10 prospect.

The well was drilled south-west of the western Norwegian city of Florø at a sea depth of 370 meters. It was drilled to a total depth of 3,803 meters below the sea’s surface into rock from the Mid-Jurassic period.

The well showed traces of hydrocarbons in rock from the Upper Jurassic period, which was the primary goal of the drilling operation, but the find is considered non-commercial. The well results are presently being evaluated by Hydro.

The drill rig Deepsea Delta has concluded drilling, plugged the well and is now proceeding to the Hydro-operated Tune field to do well intervention and completion work.

Hydro owns a 40 percent stake in PL 195, followed by Petoro with 35 percent and RWE DEA at 25 percent.