Statoil: New opportunities in the Barents Sea


altIn the 22nd licensing round on the Norwegian continental shelf (NCS), Norway's Statoil has been awarded interests in seven production licences in the Barents Sea. Three of the licences will be Statoil operated.


"Statoil has been awarded new quality acreage in the Barents Sea. It creates a good foundation for expanding and deepening the core position Statoil has built in the region in line with the company's sharpened exploration strategy," says Gro Gunleiksrud Haatvedt, Statoil senior vice president for exploration on the NCS.

"Statoil is pleased with the award, which is in line with our application. We have got equity in all prioritised licences for this round," says Haatvedt.

"There was strong and wide competition in this licensing round with participation of international oil majors in addition to smaller companies," says Haatvedt.

"We look forward to close cooperation with our new partner Rosneft both in the Norwegian and the Russian parts of the Barents Sea, leveraging our companies' combined experience of operating in frontier environments," says Haatvedt. "We are also glad to continue working with ENI, our long-standing partner in the area."

"Statoil has a strong belief in the Barents Sea as a prolific oil and gas region with significant yet-to-find resources. It will require a significant effort to develop the opportunities that lie in this immature area. We will continue working hard to unlock this potential and to contribute to the new industrial horizon in the north," says Haatvedt.

(NRK/Aftenposten/Press release)

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