Statoil receives six licenses offshore eastern Canada

Offshore staff

STAVANGER, Norway – Statoil has secured stakes in six new exploration licenses in the Flemish Pass basin offshore Newfoundland and in two more offshore Nova Scotia.

The Newfoundland concessions, covering a total of 14,670 sq km (5,664 sq mi), are close to the Statoil-operated Bay du Nord discovery. Statoil will operate five licenses and participate in the other.

The awards are as follows:

  • NL15-01-02: Chevron 35% (operator); Statoil 35%; BG 30%
  • NL15-01-05: Statoil: 40%; Exxon Mobil 35%; BG 25%
  • NL15-01-06 Statoil 34%; Exxon Mobil 33%; BP 33%
  • NL15-01-07: Statoil 34%; Exxon Mobil 33%; BP 33%
  • NL15-01-08: Statoil 50%; BP 50%
  • NL15-01-09: Statoil 100%.

The licences off Nova Scotia (NS15-1 Parcels 1 and 2) cover a total area of 6,500 sq km (2,509 sq mi) and are roughly 250 km (155 mi) from Halifax.

Statoil is currently engaged in an 18-month exploration drilling program in the Flemish Pass, designed to appraise Bay du Nord and to test new prospects in the greater basin area.

11/13/2015

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