Search results for: Nick Maden

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  • 24 July 2014
    Business & Finance, Project & Tenders

    Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is subject to the final approval of […]

  • 24 July 2014
    Business & Finance, Research & Development

    Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. The award is subject to the final approval of […]

  • 2 April 2013
    Business & Finance

    Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down […]

  • 30 September 2014

    Statoil and Shell have been awarded the Timissit Permit Licence in the Illizi-Ghadames Basin onshore Algeria. The licence is located in southeastern Algeria and covers an area of 2730 square kilometres. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold 19% equity and the remaining 51% will […]

  • 14 August 2012
    Business & Finance

    Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow).  The licence, which consists of two blocks under one licence agreement is located in area 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down reflects the attractiveness of Statoil’s acreage in Mozambique and […]

  • 14 August 2012
    Business & Finance, Operations & Maintenance

    Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow). The licence, which consists of two blocks under one licence agreement is located in area 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down reflects the attractiveness of Statoil’s acreage in Mozambique and […]

  • 2 April 2013
    Business & Finance, Operations & Maintenance

    Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down […]

  • 7 September 2017

    Norwegian oil major Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship, off South Africa.  Statoil entered its first license in South Africa in 2015, acquiring a 35% interest in the ExxonMobil-operated Tugela South Exploration Right. On Thursday, September 7 Statoil said it had completed a transaction with ExxonMobil, acquiring […]

  • 14 October 2014

    Statoil and co-venturer Exxon Mobil said that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 […]

  • 2 April 2013

    Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down […]

  • 4 September 2014
    Business & Finance, Operations & Maintenance

    Statoil has signed farm-in agreements with Repsol, acquiring a 10% equity share in the Tayrona licence and a 20% equity share in the Guajira Offshore 1 licence. “With the recent award of the COL4 licence in the 2014 Colombia licencing round and the farm-in agreements with Repsol, Statoil is well positioned in deep-water offshore Colombia. […]

  • 29 October 2015
    Business & Finance

    Statoil has completed a farm-in transaction with ExxonMobil acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right, offshore South Africa.  The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). “This opportunity is in line with Statoil’s exploration strategy of access at scale. […]

  • 29 May 2015

    Norway’s Statoil has been awarded four licences offshore the Nicaraguan Pacific. The licences cover an area of about 16,000 km2 in the largely unexplored Sandino Basin. Statoil will be the operator with 85% equity with the Empresa Nicaraguense del Petroleo (Petronic) participating with the remaining equity. “Offshore the Nicaraguan Pacific is virtually untested and the awards of […]

  • 14 August 2012

    Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil. The licence, which consists of two blocks under one licence agreement is located in area 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down reflects the attractiveness of Statoil’s acreage in Mozambique and having Tullow […]

  • 30 March 2015

    Statoil said that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania, increasing prospects of the Tanzania LNG project.

  • 30 March 2015
    Operations & Maintenance

    The Tanzania Ministry of Energy and Minerals announced that the Mdalasini-1 exploration well drilled by Statoil (Operator) has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.0-1.8 trillion cubic feet (tcf) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approximately […]

  • 30 March 2015

    Statoil said that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania, increasing prospects of the Tanzania LNG project.

  • 14 October 2014

    Norway’s Statoil and its US-based partner Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf […]

  • 28 October 2012
    Business & Finance, Operations & Maintenance

    Statoil has been awarded shares in 7 exploration licences on the United Kingdom Continental Shelf (UKCS). The company is operator for 2 of these, and expects this number to increase when the blocks pending environmental assessment are awarded. The licences which were awarded by the UK authorities are part of the UK 27th Offshore Oil […]

  • 30 March 2015
    Project & Tenders

    Statoil has today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.0-1.8 trillion cubic feet (tcf) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approximately 22 tcf in Block 2. The Mdalasini-1 discovery […]

  • 18 June 2014

    Statoil of Norway has made another high-impact gas discovery offshore Tanzania. The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional two to three trillion cubic feet (tcf) of natural gas in place in the Piri-1 well brings […]

  • 18 June 2014
    Business & Finance, Operations & Maintenance, Research & Development

    The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional two to three trillion cubic feet (tcf*) of natural gas in place in the Piri-1 well brings the total of in-place volumes up to approximately 20 tcf […]