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Statoil gets interest in 14 licenses on Norwegian Continental Shelf

BY DOMINIC CHOPPING

OSLO -- Norwegian oil major Statoil said it has been awarded interests in 14 production licenses on the Norwegian continental shelf (NCS), of which 7 will be operated by the company.

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

Gro Gunleiksrud Haatvedt, senior vice president for exploration on the Norwegian continental shelf, says: "It gives us a good foundation for further developing the NCS as a core area for Statoil in line with our sharpened exploration strategy."

The exploration results achieved during the last years have proven that mature areas on the NCS are still offering great opportunities.

Statoil has been 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 licencss in the Barents Sea, of which 1 as operator - 1 as partner. They are located in the Goliat area and on the Finnmark Platform.


Dow Jones Newswires

01/15/2013

 

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