Date: November 10 – November 30, 2006

Iceland Deep Drilling Project announces: Pre-Qualification Documents KRA-46 for Drilling Works

Landsvirkjun, on behalf of IDDP, is seeking applications from drilling contractors for participation in negotiated procedure for tendering of Drilling Works according to Pre-Qualification Documents KRA-46, which are available at Landsvirkjun, Háaleitisbraut 68, 103 Reykjavík against the payment of IKR 3,000.-.

Applications shall be delivered to Landsvirkjun, Purchasing Department, Háaleitisbraut 68, 103 Reykjavík before 15:00 GMT, Thursday, December 7th 2006.

The project involves drilling and setting casings for a 3500 m deep high temperature well in the year 2008. For information on the likely geothermal conditions at the potential drill site at Krafla see: Krafla-IDDP-Review-Report-ISOR-2006-030.pdf