New Exploration Acreage for Statoil

Source: www.gulfoilandgas.com 1/19/2011, Location: Europe

Statoil has been awarded interests in 11 production licences on the Norwegian continental shelf (NCS), 18 January. Statoil is operator for eight of these licences.

"We're very pleased with this year's awards," says Gro Gunleiksrud Haatvedt, Statoil's senior vice president for exploration on the NCS.

"The annual awards in predefined areas (APA) have played a part in forming the basis for the good results we've achieved in our infrastructure-led exploration in recent years."

The government awards embrace a total of 50 production licences: 31 in the North Sea, 17 in the Norwegian Sea and two in the Barents Sea.

Statoil has been awarded one operatorship in the Barents Sea, two licences – one as operator – in the Norwegian Sea, and a total of eight licences – six as operator – in the North Sea.

"Infrastructure-led exploration contributes to maximising the potential of the NCS," says Haatvedt.

"Most of the licences lie near established infrastructure and can thereby help to extend the lifetime of the installations and open up further exploration opportunities in these areas."

The system of having separate licensing rounds for mature areas began in 2003.


United Kingdom >>  5/24/2022 - Reabold, the AIM quoted investing company, which focuses on investments in upstream oil and gas projects, is pleased to provide additional details on ...
Brazil >>  5/23/2022 - Karoon Energy Ltd has provided notice to Enauta Energia S.A. to terminate the Exclusivity Agreement entered into to undertake due diligence and negoti...

Nigeria >>  5/23/2022 - With reference to the stock exchange announcement made 27 January 2022, and the update provided 2 May 2022, regarding the government consent provided ...
Norway >>  5/23/2022 - OKEA ASA has entered into an agreement with Wintershall Dea Norge AS (“Wintershall Dea”) to acquire a material portfolio of producing and near-term pr...

United States >>  5/23/2022 - Reabold, the AIM quoted investing company which focuses on investments in upstream oil and gas projects, is pleased to announce that at a Special Shar...
United Kingdom >>  5/17/2022 - Greencoat UK Wind has agreed with Global Infrastructure Partners (GIP) to acquire a 12.5% stake in Hornsea 1 offshore wind farm for a total considerat...

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.