Statoil Successfully Bids for New Licences Offshore East Coast Canada
November 13 2015 - 2:42AM
Dow Jones News
By Dominic Chopping
Norway's Statoil ASA (STO) said late Thursday that with its
partners it has successfully bid for six exploration licences in
the Flemish Pass Basin, offshore Newfoundland, and two licences
offshore Nova Scotia, Canada.
The offshore Newfoundland licences are located in proximity to
the Statoil-operated Bay du Nord discovery, while the licences
offshore Nova Scotia are located 250 kilometres from Halifax, Nova
Scotia, it said.
Statoil will operate five licences, and participate in one
licence as a partner.
"The successful bids in these frontier areas offshore Canada are
in line with Statoil's strategy of deepening our position in
prolific basins and securing access at scale, while also adding
important optionality to our exploration portfolio," says Tim
Dodson, executive vice president for Exploration in Statoil.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@domchopping @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 13, 2015 02:27 ET (07:27 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Chevron (NYSE:CVX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Chevron (NYSE:CVX)
Historical Stock Chart
From Apr 2023 to Apr 2024