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.  

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