ExxonMobil Wins Acreage Offshore Norway

ExxonMobil's subsidiary, Esso Exploration and Production Norway AS, has been awarded operatorship and 30 percent ownership interest in a new license in the southern North Sea on the Norwegian Continental Shelf.

The operatorship covers blocks 8/6, 9/2-6, 10/4, 10/7-9 and 11/7, and is located in the Norwegian-Danish basin, approximately 60 miles (100 kilometers) southwest of Egersund. Other parties to be awarded interest in the license are Statoil (30 percent), SDFI (30 percent) and RWE Dea (10 percent).

"We are very pleased to receive this award in the 18th round in a previously unexplored area of the Norwegian Continental Shelf," said Tim Cejka, president of ExxonMobil Exploration Company. "We believe that the continued pursuit of new ideas and the opening of new acreage is essential to prolonging successful oil and gas exploration in Norway."

Last year, ExxonMobil's exploration program on the Norwegian Continental Shelf yielded three discoveries from five operated exploration wells, two of which were near the Ringhorne field and one in the Voring basin. In addition, ExxonMobil announced that it encountered hydrocarbons in a new discovery (Block 16/1) in the Utsira High area just two weeks ago.

ExxonMobil is the operator of the Ringhorne, Balder and the Jotun fields, which are all located on the Utsira High area. Ringhorne is located about five miles (10 kilometers) northeast of the Balder field in blocks 25/8, 25/10 and 25/11.

ExxonMobil is the sole owner of Ringhorne and Balder, and owns 45 percent of Jotun. Other Jotun owners are Shell/Enterprise (45 percent), Lundin (7 percent) and Petoro (3 percent). The fields are operated by the company's upstream organization located in Forus outside Stavanger.