Image - Statoil Takes on Offshore Operatorship in Australia

Statoil Takes on Offshore Operatorship in Australia

Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia. This is Statoil’s third asset in Australia, adding to the onshore operatorship in the Northern Territory’s South Georgina basin and four BP-operated offshore permits in the Great Australian Bight. The permit WA-506-P covers an area of more than 13,...

Exploration - Oct 24, 2014


Image - Statoil Makes Seventh Discovery Offshore Tanzania

Statoil Makes Seventh Discovery Offshore Tanzania

Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is located along the western side of block 2 at a 2,500-metre water depth...

Exploration - Oct 14, 2014


Statoil Sells 15.5% Share in Shah Deniz to Petronas for Usd 2.2 BN

Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 billion. The Shah Deniz field in the Caspian Sea. (Photo: Shahin Abasaliyev) “Statoil has created signifi...

Oil and Gas - Oct 13, 2014