Statoil strengthens position on UK Continental Shelf


Statoil has been awarded interests in 12 new licenses, nine as operator, in the 28th licensing round on the UK Continental Shelf.

Eleven of the licenses are in the North Sea and the remaining one is West of Hebrides. In terms of size, this additional acreage constitutes almost 8000 square kilometers and thus represents access at scale.

Statoil says that significant positions have been taken both in mature parts of the Central North Sea, such as in the vicinity of the Mariner and Bressay projects, and in relation to plays largely untested in UK waters. In this latter category, the acreage picked up on the northern margin of the Mid North Sea High (Quadrants 37 and 38) and in the Halibut Horst area (Quadrants 13 and 14) can be highlighted.

Statoil is planning to drill two exploration wells in 2015 in acreage acquired in the previous UK licensing round, and also sees the potential for maturing several additional drilling candidates on the 28th round acreage.

Statoil also says that it is continuing the development of the heavy-oil Mariner field, planned to come onstream in 2017. The company's Bressay project is in the concept evaluation phase.



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