Official information
Banner
Banner

Statoil farms down in Mozambique licence

altStatoil has announced that it has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION.

 

The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin.

"The farm-down reflects the attractiveness of Statoil's acreage in Mozambique. Bringing INPEX onboard allows the companies to diversify geological risk while sharing the potential upside. The first out of two wells in the license will be drilled during 2Q by the drillship Discoverer Americas," says Nick Maden, senior vice president in Exploration international in Statoil.

The blocks are located in a frontier area with a water depth varying between 300 and 2,500 metres. The area covers 8,041 square kilometres.

"Our presence in Mozambique is in line with Statoil's exploration strategy, focusing on early access in a prolific region. Large gas discoveries have recently been made north of the acreage and the prospectivity for hydrocarbons in the Statoil operated blocks is promising," adds Maden.

After the farm-in completion, the block will continue to be operated by Statoil Oil & Gas Mozambique A.S. with a 40% participating interest, the other partners being INPEX Mozambique, Ltd. (25%), Tullow Mozambique Limited (25%), a subsidiary of Tullow Oil and Empresa Nacional de Hidrocarbonetos, E.P., the Mozambican state oil company (10%).

The commercial terms of the transaction are confidential and it is subject to Mozambican government approval.

(Press release)

 


Related Articles

Norwegian cancels all domestic flights

Low-fare airline Norwegian has today, Wednesday cancelled all domestic flights in Norway, Denmark and Sweden, after the union stepped up the strike by the airline's pilots...Read more...

New leader of the Norwegian Nobel Committee

Former Conservative Party (Høyre) Government Minister and Member of Parliament Kaci Kullmann Five has been elected new Chair of the Norwegian Nobel Committee. She replaces Thorbjørn Jagland, who has led the Nobel Committee for six years. ..Read more...

Statoil awards Mariner contracts to Asco

Norwegian energy provider Statoil (U.K.) Limited has on behalf of the Mariner co-venturers awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK Limited...Read more...

Ice Hockey:: Zuccarello signs extension with Rangers

The New York Rangers and right-wing Mats Zuccarello have agreed on a contract extension of four years, according to ESPN...Read more...

Air Travel: Pilots' strike continues

The strike by 70 pilots at low-fare airline Norwegian continues, and today, Tuesday, 13 flights have been cancelled, due to the strike which began Saturday...Read more...

Labor Party names candidates for new deputy leader

Hadia TajikTrond Giske and Hadia Tajik have been named deputy leader candidates for the Labor Party. The new party leaders and a new central board will be elected during the national assembly from April 16-19. ..Read more...

Skiing World Championships: A fourth gold for Northug

Norway's Petter Northug secured his 4th gold medal of the Nordic Skiing World Championships, when he won the men's 50km cross country mass start event at Falun, Sweden on Sunday. ..Read more...

Skiing World Championships: 20 medals for Norway

Norwegian participants collected altogether 20 medals at the Nordic Skiing World Championships in Falun, Sweden, this past week: 11 gold, 4 silver and 5 bronze...Read more...

Avalanche hit four cars - all survived

A large avalanche hit four cars carrying a total of 11 persons on Highway E39 in Hordaland county on Sunday afternoon. All survived, and only three persons, one of them a baby, received minor injuries...Read more...

Norwegians receive death threats by SMS

PoliceSeveral hundred Norwegians have received death threats by text message from a telephone number registered in Lithuania. ..Read more...

New winter storm batters coastal Norway

Another winter storm is this weekend battering coastal Norway south of Trondheim, as well as musc of the mountain regions of Southern Norway. Driving conditions are difficult, and many roads are closed...Read more...

Ski Jumping: Team Gold for Norway

The Norwegiaan jumpers won the ski jumping team event at the 2015 Skiing World Championships at Falun, Sweden on Saturday, ahead of Austria, with Poland in third...Read more...

Cross Country gold and silver for Norway

Norway's Therese Johaug won her third gold of the 2015 Nordic World Ski Championships after racing to victory in the cross country 30km mass start competition in Falun, Sweden on Saturday...Read more...

Cross Country gold and silver for Norway

Norway's Therese Johaug won her third gold of the 2015 Nordic World Ski Championships after racing to victory in the cross country 30km mass start competition in Falun, Sweden on Saturday...Read more...

Nordic Combined: Team bronze for Norway

Magnus Moan and Håvard Klemetsen secured another bronze medal for Norway when they came third in the Nordic Combined team event of the Skiing World Championships at Falun, Sweden on Saturday. ..Read more...

62 Degrees North

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/612298Web_0074_hm_567x378_72.jpg

Sea Safari

Let the adrenalin flow during our exiting sea safari in an open rapid RIB boat. Discover Ålesund from the sea. Visit seal colonies and experience puffins and eagles at the See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/979953Web_Brosundet_lighthouse_room_49.jpg

Brosundet Lighthouse

Hotel Brosundet is small and intimate with only 47 rooms. The jewel in our treasury-box is Room 47. Only a few minutes walk from the hotel lies the old and See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/489969Web_DSC_4757.jpg

Storfjord Hotel

Storfjord Hotel is a secluded luxury hotel situated in Øvre Glomset, 30 km east of Ålesund, on a hillside overlooking the Storfjord and the Sunnmøre Alps. Ever since it opened See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/971299Web_Kajakk_Brosundet.jpg

Kayaking in Brosundet

A surprisingly large number of Norway’s most stunning natural attractions are concentrated around 62 degrees north latitude. Our company, 62˚Nord is a local company, with the intimate local knowledge necessary See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/739979Web_640__Somerruter_Foto_RasmusKongs__re.jpg

Summer Trip

Join a tour with a comfortable sightseeing boat to the wild and majestic Hjørundfjord, with stunning views of mountains and fjords at their most spectacular! The meeting between the torn See details

Local News in Brief

Social Networking

Statoil
Eidsvoll 200 year
Norges Rederiforbund

.Partners

NORGE.NO/DIFI
Norsk Romsenter
Folkeuniversitetet
Bedin Front Right Top