Statoil, Chevron Canada and Repsol E&P Canada have been awarded exploration rights in two areas of the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada.

The land parcels are located west of Statoil’s Mizzen discovery.

Licences were issued after a land sale by the Canada-Newfoundland and Labrador Offshore Petroleum Board.

Statoil said that it would be the operator of both licences with a 50% stake, with partners Chevron Canada and Repsol E&P Canada holding a 40% and 10%, respectively.

Statoil conducted an exploration programme at the Mizzen discovery and its Fiddlehead prospect in the Jeanne d’Arc Basin earlier this year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.