Norway's Statoil Will Not Drill In Arctic Barents Sea This Year
OSLO, Jan 30 (Reuters) - Norwegian energy firm Statoil will not drill exploration wells in the Arctic Barents Sea this year after a failed campaign in 2014, exploration chief Tim Dodson told Offshore.no.
Statoil's Norwegian exploration will concentrate on the mature North Sea and areas near its Asta Hansteen field in the Norwegian Sea, with a focus on resources that can be tied into existing platforms, Dodson said.
"We are going to drill in the North Sea and the Norwegian Sea," Dodson said in a video interview. "We have no plans, after the big exploration campaign, to drill in the Barents Sea."
Dodson said Statoil would still drill a "relatively large number" of exploration wells in Norway this year and it would reveal the exact number at its strategy update on Feb 6, Dodson said.
Statoil spent in the range of $3.5 billion last year to drill around 50 exploration wells but its campaigns in the Arctic and Angola failed, and it has released several rigs as a result.
(Reporting by Joachim Dagenborg; Editing by Michael Perry)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 1 Offshore Rigs
- Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture (Oct 04)
- Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers (Sep 28)
- Statoil And Partners Plan Output Capacity Expansion At Troll Gas Field (Sep 26)