Statoil has applied for new production licences in the Barents Sea and the Norwegian Sea in the 21st licensing round on the Norwegian Continental Shelf (NCS).
A total of 51 blocks were announced in the Barents Sea and 43 blocks in the Norwegian Sea, with the awards expected in the spring of 2011.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Tom Dreyer, Statoil vice-president for exploration on the NCS, said the NCS is important to Statoil.
“Access to new attractive exploration areas is essential for us to be able to confirm the existence of new resources, which in turn could form the basis for standalone developments and create positive spin-offs,” Dreyer said.
The firm plans to increase its exploration activity on the NCS in 2011.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
