Statoil awarded interests in 14 production licenses on NCS

Statoil has been awarded interests in 14 production licenses on the Norwegian continental shelf (NCS), of which it operates seven.

In this Awards of Predefined Areas round Statoil has applied for production licenses in the North Sea, the Norwegian Sea and the Barents Sea based on established and new geological play models.

Statoil was awarded:

• 8 production licenses in the North Sea, of which 5 as operator – 3 as partner. They are located in the Northern North Sea and in the area around King Lear.
• 4 production licenses in the Norwegian Sea, of which 1 as operator – 3 as partner. They are in the vicinity of Heidrun, Trestakk and Ormen Lange.
• 2 production licenses in the Barents Sea, of which 1 as operator – 1 as partner. They are located in the Goliat area and on the Finnmark Platfrom.

“We are very pleased with this year’s awards,” Gro Gunleiksrud Haatvedt, senior vice president for exploration on the NCS for Statoil, said. “Statoil strongly believes in the NCS exploration potential, and during the last years the company has further confirmed this potential by making a number of exciting oil and gas discoveries.”

“Access to new quality acreage is an essential prerequisite for further value creation through exploration activities and for maintaining the NCS production level beyond 2020,” she continued.