Statoil was Awarded Three Exploration Licenses

Source: www.gulfoilandgas.com 11/1/2010, Location: Europe

Statoil was awarded one licence which covers parts of blocks 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil discovery, and two licences near the Faroe border.

“We are very pleased to secure this new Statoil operated acreage in the UK,” says senior vice president for global exploration Tim Dodson.

“The North Sea blocks 8/15 and 9/11D will capture any north westerly extension of our Mariner oil discovery which Statoil is presently evaluating for development,” he says.

“The other blocks will fur.ther strengthen our position in the area between Statoil’s licences in the Faroes and the Rosebank field in UK waters, where Statoil is a partner in the Chevron operated field.”

The requirement for the acreage near Mariner are 2D seismic survey and evaluation prior to a drill or drop decision, while for the Faroes/Rosebank blocks a drill or drop decision has do be made after reprocessing of existing 2D seismic.


Nigeria >>  7/1/2022 - ADM Energy PLC, a natural resources investing company, provides an update on the legal proceedings in respect of its interest in the Barracuda oil fie...
Norway >>  7/1/2022 - Rex International Holding Limited (“Rex International Holding”, “Rex” or the “Company”, and together with its subsidiaries, the “Group”), a technology...

Norway >>  7/1/2022 - The farmin agreement with OMV (Norge) AS ("OMV"), which was first announced on May 9, 2022, has now been concluded, according to Longboat Energy, an u...
Nigeria >>  6/30/2022 - Reference is made to previous stock exchange releases by PetroNor E&P ASA (“PetroNor") regarding the acquisition of Panoro Energy ASA’s (“Panoro”) int...

United States >>  6/30/2022 - U.S. Energy Corp. has entered into an agreement (the “Agreement”) to acquire operated oil and gas producing properties in an all-cash transaction (the...
Tanzania >>  6/29/2022 - Wentworth, the independent, Tanzania-focused natural gas production company, is pleased to provide an update on its agreement with Scirocco Energy plc...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.