EnergyWatch

Statoil wins 13 licenses in US waters

With 13 new licenses in the bag, Statoil is now among the top five deepwater oil players in the US. The Norwegian company expects to double its US production ahead of 2020.

Photo: PR/Statoil

Statoil has increased its presence significantly in the US part of the Gulf of Mexico. After a completed tender, the US Department of the Interior has awarded the Norwegian oil major 13 licenses, states Statoil in a press release.

"We are very pleased with the results. The leases awarded reinforce Statoil’s exploration strategy of securing prospective acreage, while taking advantage of the cycle to access these leases at favorable rates in the US Gulf of Mexico,” says Statoil's head of exploration in the US and Mexico, Tore Løseth.

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