Statoil Sells Interest in Gro License

Statoil has sold a 10% interest in the Gro license (PL 326) to PGNiG Norway, and the company will pay a cash amount to cover Statoil's exploration costs for the appraisal well currently being drilled. Statoil will keep a 30% interest in the license, which is still subject to governmental approval. The Gro license is located in the Voring Basin on Block 6603/12 in the Norwegian sector of the North Sea. Natural gas was confirmed in the license by an exploration well in June 2009. Shell operates the license, holding a 60% interest.

continue reading the full article


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours