Chevron and Statoil sign exploration agreement

Chevron Norge has signed an agreement with Statoil to co-operate long-term in exploration in the Barents Sea.

Offshore staff

(Barents Sea) - Chevron Norge has signed an agreement with Statoil to co-operate long-term in exploration in the Barents Sea.

The two companies recently applied for joint acreage under Norway's 19th licensing round, and plan further joint bids in future rounds.

Both companies cite their complementary competencies in LNG technology, with Statoil the first company to develop an LNG project (Snohvit) in the Arctic region.

11/21/05

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