Statoil boosts holdings near Mariner

Britain’s Department of Energy and Climate Change has awarded Statoil operatorship of three new exploration licences on the UK continental shelf (UKCS).

Offshore staff

STAVANGER, Norway -- Britain’s Department of Energy and Climate Change has awarded Statoil operatorship of three new exploration licences on the UK continental shelf (UKCS).

One of the licenses covers parts of blocks 8/15 and 9/11D, close to the Statoil-operated Mariner heavy oil field. The others cover six blocks in licences 212 and 213 near the Faroe border.

Tim Dodson, Senior VP for Global Exploration, said: “The North Sea blocks 8/15 and 9/11D will capture any northwesterly extension of our Mariner oil discovery which Statoil is presently evaluating for development.

“The other blocks will further strengthen our position in the area between Statoil’s licences in the Faroes and the Rosebank field in UK waters, where Statoil is a partner in the Chevron-operated field.”

For the acreage near Mariner, the commitments are a 2D seismic survey and evaluation prior to a drill-or-drop decision, while for the Faroes/Rosebank blocks a drill or drop decision must be made after reprocessing of existing 2D seismic.

11/01/2010

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