Eni, Statoil Win New Barents Sea Licenses

Italy's Eni and Norway's Statoil have been awarded several exploration licenses in the Barents Sea in Norway's 22nd licensing round, the firms reported Wednesday.

Eni reported that it has been awarded four new exploration licenses in the Barents Sea, offshore Norway. It will be operator in three of them, the firm added.

Eni's four licenses will see it as operator of production license 717, PL 712 and PL 716, with a  40-percent interest in each. It will also have a 30-percent interest in PL 714, where Statoil is the operator.

Statoil announced that it has been awarded seven licenses. It will have a 50-percent ownership in PL 714 and it will also operate the PL 713 and PL 615B licenses in which it has 50-percent and 35-percent interests respectively.

Statoil noted that the PL714 acreage is adjacent to its Johan Castberg field in the north and that it may contain additional resources for the Johan Castberg development.

Statoil was also awarded 20-percent non-operating interests in PL 712, PL 717, PL 718 and PL 720.

Gro Gunleiksrud Haatvedt, Statoil's senior vice president for exploration on the Norwegian Continental Shelf, commented in a company statement:

"Statoil has been awarded new quality acreage in the Barents Sea. It creates a good foundation for expanding and deepening the core position Statoil has built in the region in line with the company's sharpened exploration strategy."

 

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