Statoil adds permits to New Zealand portfolio

Statoil

Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. The permits were awarded by the New Zealand government through the 2014 Block Offer.

Statoil participates in three blocks in the East Coast and Pegasus basins as a partner, and takes on operatorship for one new permit next to existing acreage in the Reinga Basin.  

Blocks 57083, 57085, and 57087 were awarded with Chevron as operator, and with both companies holding a 50% working interest. The permits are in the East Coast and Pegasus basins, southeast off New Zealand’s North Island. The permits cover more than 25,000 square kilometers and sit in water depths between 800 and 3,000 meters. The initial phase of the project will consist of data collection.

Block 57057 was awarded to Statoil with a 100% working interest. It is located in the Reinga Basin offshore Northland, adjacent to Statoil’s existing exploration acreage. The permit sits 100 kilometers offshore and covers an area of 1,670 square kilometers in water depths of around 1,500 meters. Statoil will acquire 200 line kilometers of 2D seismic data within the permit area.

 

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