Statoil has won interests in four offshore licences in Canada, including a discovery licence and three exploration licences off the coast of Newfoundland.
The licences were awarded by Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB).
The discovery licence is an extension of Statoil’s current Mizzen licence in which Statoil is operator with a 65% interest, with Husky Energy as its partner.
Two exploration licences are located in the Flemish Pass Basin / Central Ridge region, approximately 500km offshore Newfoundland.
The third exploration licence is located in the Jeanne d’Arc Basin, about 250km offshore Newfoundland, in which Statoil Canada holds a 50% interest and Husky Energy is the operating partner.
Statoil’s global exploration entity senior vice-president Tim Dodson said that securing new licences provides further growth opportunities near its Mizzen discovery and its existing infrastructure in the Jeanne d’Arc Basin.
Statoil plans to drill a well on its Mizzen discovery and another on its Fiddlehead licence in 2011 / 12.