Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round.
“Deepwater offshore Colombia is virtually untested. The award of new acreage in this frontier area is in line with our exploration strategy of early access at scale”, says Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere.
Statoil will hold 33, 33 per cent of the licence. the other licence holders will be Repsol and ExxonMobil Exploration Colombia.
To read more, please visit Statoil.com here.