"We consider Martin one of the top prospects in our global portfolio," said Jez Averty, senior vice president of exploration for Statoil in North America. Averty was quoted in a recent Wall Street Journal article. "Since acquiring this prospect in 2012, we've advanced it in 20 months, which is considerably faster than the normal maturation time."
Statoil has a significant presence in the Gulf of Mexico. In addition to its active exploration program, Statoil is a partner in many of the largest fields under development, includingJack/St. Malo, Big Foot, Julia, Vito, and Stampede.