Statoil farming into Kakuna

Offshore staff

HOUSTON – Statoil Gulf of Mexico LLC has farmed into the Kakuna prospect located 180 mi (290 km) southwest of New Orleans in deepwater Gulf of Mexico.

“Our agreement is with a subsidiary of Nexen Inc., and the partnership plans on drilling an exploration well on this attractive Miocene structure later this year,” says Statoil Exploration North America senior vice president Erik Finnstrom.

A federal exploratory unit for Kakuna has been approved by the BOEMRE in the US. It encompasses Green Canyon blocks 416 (W ½), 460, 504, 505 (W ½), 548 and 549.

The BOEMRE has determined that the exploration plan for Kakuna is complete and is currently reviewing the application for drilling the well.

Provided all required permits are approved by the BOEMRE, operations on the well will begin in Green Canyon block 504 in the second half of 2011.

Statoil controls 27.5% of the prospect, and Nexen, who controls the remaining 72.5%, is the operator.

06/09/2011

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