Statoil:
Good outcome from 18th round
Posted: 08 June 2004
Four new operatorships on the Norwegian continental shelf have
been offered to Statoil today, 8 June, in Norway's 18th offshore
licensing round.
The group has also been offered interests in another five production
licences. Three of the nine holdings are in the North Sea and the
rest in the Norwegian Sea.
"We're satisfied with this result," says Tor Fjæran,
Statoil's senior vice president for exploration on the NCS.
"We're pleased that our expressed willingness to make a commitment
to the whole NCS has been appreciated.
"With this substantial set of awards, we've laid the basis
for increased exploration activity and hopefully many new discoveries
in coming years."
A total of 95 blocks were put on offer, making this round one
of the largest-ever on the NCS. Applications were submitted by
18 companies.
The operatorships offered to Statoil lie the Norwegian Sea. In
addition come licence interests in both the North and Norwegian
Seas.
After last year's oil and gas discovery in the Ellida structure,
deepwater exploration in the Norwegian Sea is set to intensify.
Statoil has accepted substantial work commitments in the 18th
licensing round, Mr Fjæran reports.
"The exploration risk is high in this round, but that is
something we just have to accept if we're going to find new resources
and continue developing the NCS."
He expects that the first wells on Statoil's 18th-round acreage
could be spudded in 2005, with seismic surveys likelyto start this
year in some areas.
Statoil has been awarded interests in the following blocks:
- 8/6,
9/2, 3, 4, 5 and 6 - 30 per cent
- 11/5 and 6 - 40 per cent
- 6201/11 - 100 per cent (operator)
- 6304/6 - 40 per cent
- 6406/7 and 8 - 20 per cent
- 6605/1 and 4 - 40 per cent (operator)
- 6603/12, 6604/7, 8 and 10 - 40 per cent
- 6403/5, 6 and 9 - 100 per cent (operator)
- 6705/8, 9 and 11 - 80 per cent (operator)
For more information see www.statoil.com
Posted by Richard Price,
Editor Pipeline Magazine
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