Statoil Bids High to Extend Deepwater GOM Footprint

Statoil was the highest bidder on 21 leases today in the central area lease sale for the US Gulf of Mexico.

"The lease sales are important events for us to high-grade our portfolio and to acquire new promising acreage," explained Helen Butcher, Statoil exploration manager for the US Gulf of Mexico.

"This year we have concentrated our efforts in and around areas where we already have promising exploration leads and prospects," she added.

Statoil is now one of the largest leaseholder in deepwater Gulf of Mexico. Four projects are scheduled to be sanctioned this year including the Chevron operated developments Jack and St. Malo.

Lease sale 213 is part of the current schedule of the Mineral Management Service (MMS) in New Orleans. A total of 67 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.

Statoil is already a world leading offshore oil and gas company and is by this lease sale further strengthening its global exploration portfolio.



Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Oilfield Sales Representative - Outside Sales (Oil and Gas)
Expertise: Business Development|Project Management|Sales
Location: Odessa, TX
Safety and Environmental Management System Specialist (SEMS)
Expertise: Environmental, Safety & Training|Regulatory Compliance|Safety Engineering
Location: Houston, TX
EU Business Development Manager - Refining/Maintenance Services
Expertise: Business Development
Location: Houston, TX
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours