Statoil and ExxonMobil Win Irish Oil Licenses
OSLO, March 2 (Reuters) - Oil majors Statoil and ExxonMobil have been awarded six options to search for oil and gas offshore Ireland in the country's latest licensing round, Statoil said on Wednesday.
The two firms each hold 50-percent stakes in all the acreage. Statoil will have four operatorships, while ExxonMobil will have the remaining two.
Work on the licenses is for the time being limited to carrying out seismic surveys during 2016 and 2017, with the option to drill at a later stage depending on the analysis of the data, Statoil said.
"This supports Statoil's exploration strategy of early access at scale and enables us to apply the exploration knowledge and experience we have gained globally and specifically on the conjugate margin offshore Newfoundland," the company added.
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
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 13 Offshore Rigs
- ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate (Oct 10)
- Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister (Oct 09)
- U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate (Oct 05)
Company: Statoil more info
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)