Statoil has gained 26 licenses in the Gulf of Mexico as it looks to tap into US hail boom

Thursday, 21 June 2012
Statoil has received some 26 licenses in the first licensing round in the central Gulf of Mexico since the blowout on the Deepwater Horizon two years ago. The Norwegian state owned Oil Company is increasingly seeing North America as a strong region to lead its growth in the company decade since the oil and gas sector is currently booming.

Statoil's winning bids are to be approved by U.S. authorities during the summer. The company has interests in the award of more than 350 leases in the Gulf of Mexico. Exploration Manager for Statoil in North America, Erik Finnstrom is satisfied.

“We see North America as a core region for long-term growth. The new licenses are part of this growth strategy. The strategy is to participate in exploration projects across the whole range of possibilities - from those who are in unexplored areas to very mature, drill ready prospect,” he said.

Statoil is the world's largest offshore operator and leader in subsea technology. The company is a partner in several major discoveries in the Gulf of Mexico, including Jack, St. Malo, Julia, Vito and Logan.

The company participates in seven out of eight producing fields that are under development in the Gulf of Mexico.

Right now Statoil is drilling in the Bioko prospect in the central Gulf of Mexico. Within a year, Statoil will be drilling two or three wells, and will also participate in two or three wells drilled by other operators.
By Scancomark.se Team

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