Statoil Takes Slice in GOM Kakuna Prospect

Statoil has acquired a stake in the Kakuna prospect in the Gulf of Mexico. A federal exploratory unit for Kakuna was approved by the Bureau of Ocean Energy Management and Regulatory Enforcement, which encompasses Green Canyon Blocks 416, 460, 504, 505, 548 and 549.

Statoil said that BOEMRE is currently reviewing the exploration plan for Kakuna, and if approved, exploratory drilling will commence in the second half of 2011. Nexen operates the permit with a 72.5% stake, with Statoil holding the remaining interest.  

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours