Success in US Gulf of Mexico Lease Sale

Statoil has been awarded 36 leases in the Alaminos Canyon and Keathley Canyon areas in the US Gulf of Mexico (GoM). The company will be operator with a 100% working interest in all awarded leases.

Statoil submitted the highest bid in 20 leases in Alaminos Canyon and 16 in Keathley Canyon. The outer continental shelf (OCS) Lease Sale 204 covered leases in the western GoM.

The blocks Statoils becomes operator of has a water depth of up to 2500 meters.

“We are very pleased with the result of this lease sale”, says Oivind Reinertsen, senior vice president at Statoil’s office in Houston. “These deepwater leases are promising acreage we look forward to develop in the years to come and they will contribute to securing our long-term commitment in the area”, he adds.

Lease Sale 204 is part of the current schedule of Minerals Management Service (MMS) in New Orleans. A total of 40 companies participated in the sale.

Statoil's winning bids are subject to review and final approval by the MMS which can take up to 90 days.

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