Statoil returns three offshore Greenland licenses

Statoil has returned three of four exploration licenses it held offshore Greenland.

Offshore staff

OSLO, Norway –Statoil has returned three of four exploration licenses it held offshore Greenland. It kept the block 6 offshore permit that has a longer deadline for drilling.

Statoil said the decision was based on what it has determined about the production potential and on the cost of operations in the area.

01/15/2015

More in Regional Reports