CATEGORIZED | News

Statoil to expand presence offshore Indonesia

Posted on 29 November 2011

Statoil has been awarded the operatorship and a substantial working interest in the Halmahera II block offshore eastern Indonesia.

Statoil will operate the license with an 80% working interest. Niko Resources will hold the remaining 20%. The license covers an area of more than 8,000 sq km. The license is subject to final governmental approval.

“We are very pleased about being awarded a large equity position in a promising frontier area in Indonesia” Pål Haremo, senior vice president in exploration global new ventures in Statoil, said.

The Halmahera II license marks the sixth newly accessed license in Indonesia during 2011 for Statoil and brings the total number of licenses with Statoil interest in Indonesia to eight.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 02 March 2015

    Maersk Voyager drillship secures contract for work offshore Ghana

    Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production, an Eni subsidiary, for employment of the newbuild drillship Maersk Voyager...

  • 02 March 2015

    Wisco Moran debuts Padwise 1 walking rig in Texas

    The trend among drilling contractors to install walking systems on rigs has solved a major logistical problem for operators on multiwell pads – negating the need for costly...

  • 26 February 2015

    JDC inaugurates Hakuryu 12 jackup, looks to growth in Middle East, Myanmar and Russia

    The Japanese word “hakuryu” means “white dragon.” In Asia, dragons are strongly associated with oceans. They also represent power and blessings...

  • 16 February 2015

    Steven Newman steps down as Transocean President, CEO

    Transocean announced that Steven Newman and the Board of Directors have mutually agreed that he will step down as President and CEO, effective 16 February 2015...

  • 11 February 2015

    Video: WADI program arms young talent with skills to succeed in drilling industry

    As the drilling industry’s aging workforce continues to retire, a new generation of employees is needed to fill vital roles. To address this challenge, IADC’s Workforce...

  • Read more news