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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs