Statoil awarded interests in 14 production licenses on NCS

Posted on 15 January 2013

Statoil has been awarded interests in 14 production licenses on the Norwegian continental shelf (NCS), of which it operates seven.

In this Awards of Predefined Areas round Statoil has applied for production licenses in the North Sea, the Norwegian Sea and the Barents Sea based on established and new geological play models.

Statoil was awarded:

  • 8 production licenses in the North Sea, of which 5 as operator – 3 as partner. They are located in the Northern North Sea and in the area around King Lear.
  • 4 production licenses in the Norwegian Sea, of which 1 as operator – 3 as partner. They are in the vicinity of Heidrun, Trestakk and Ormen Lange.
  • 2 production licenses in the Barents Sea, of which 1 as operator – 1 as partner. They are located in the Goliat area and on the Finnmark Platfrom.

“We are very pleased with this year’s awards,” Gro Gunleiksrud Haatvedt, senior vice president for exploration on the NCS for Statoil, said. “Statoil strongly believes in the NCS exploration potential, and during the last years the company has further confirmed this potential by making a number of exciting oil and gas discoveries.”

“Access to new quality acreage is an essential prerequisite for further value creation through exploration activities and for maintaining the NCS production level beyond 2020,” she continued.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • 16 December 2014

    Colville: WCI provides forum to evaluate practical, economical advances in well control practices

    Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum...

  • Read more news