Image - Statoil to Increase Exploration Drilling in 2017

Statoil to Increase Exploration Drilling in 2017

Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS). Bilde "Taking advantage of our own improvements and changed market conditions, we have been able to get more wells, more acreage and more seismic data for our exploration investments in later years," says Tim Dodson, Executive Vice President for Exploratio...

Oil and Gas - Jan 4, 2017


Image - Statoil Completes Acquisition of Byrding Interest

Statoil Completes Acquisition of Byrding Interest

On 30 December 2016 Statoil and Wintershall Norge ("Wintershall") completed their previously announced transaction, whereby Statoil has acquired Wintershall's 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS). As a result, Statoil's operated interest in Byrding (PL090B) has increased from 45% to 70%. Byrding is an oil and gas discovery in the northern part of the North Sea, near the Troll / Fram area which represe...

Oil and Gas - Jan 3, 2017


Image - Statoil Wins Offshore Wind Lease in New York

Statoil Wins Offshore Wind Lease in New York

Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island with a significant, long-term source of renewable electricity. Statoil submitted a winning bid of $42,469,725 during the online offshore wind auction concluded today by the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM). "We are excited to have submitted the most competitive...

Exploration - Dec 16, 2016




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