Statoil expands in offshore UK

Norwegian energy provider Statoil has been awarded shares in seven exploration licences on the United Kingdom continental shelf (UKCS).

The company is operator for two of these, and expects this number to increase when the blocks pending environmental assessment are awarded.

The licences which were awarded by the UK authorities are part of the UK 27th Offshore Oil and Gas Licensing Round, and comprise a total of 19 blocks west of Shetland and in the North Sea.

“The awards are in line with Statoil’s exploration strategy of expanding our core positions. The recent exploration success at the Norwegian continental shelf (NCS) has made us recognise that there is still significant potential in the mature North Sea Basin. With these new licenses we are building acreage position in proven hydrocarbon provinces,” says Nick Maden, senior vice president in Exploration international in Statoil.

The bids, which were submitted in May this year, are the most extensive ever made in Statoil’s history on the UKCS. In the UK North Sea, the most prolific award is for three blocks in the Catcher area on the Western Platform, where Statoil and Nexen on behalf of a group of five partners will be responsible for drilling at least three exploration wells in the coming years.

In the Faroe-Shetland Basin, several interesting licences have been awarded and an extensive programme of seismic acquisition and processing will take place in search of drilling candidates in this relatively underexplored high- potential region. 

Statoil has a significant exploration portfolio off the Faroe Islands, but has so far only had a modest presence on the UK shelf with a few production licenses -most notably those associated with the Mariner and Bressay development projects.

Associated companies:


Related news

Latest news

Jotne Subsea Gas Lift for Balder Field

In April 2015, Jotne E&P was awarded an EPC contract to build the subsea gas lift manifold for Exxon Mobil on the Balder Field.

Jotne Awarded Contract for Subsea Protection Structure

In January 2016, Jotne E&P was awarded a contract for the delivery of a subsea protection structure and GRP cover for a Xmas tree at Balder field. The contract was awarded by Ocean Installer.

UiB and CMR in high-tech collaboration

Students from UiB last month joined an experiment with an ultra-high-speed camera. This was a part of the troubleshooting of the Field Kelvin Probe currently under development.

Hatteland Display at International Workboat Show 2016

Hatteland Display are highlighting its diverse portfolio of maritime displays and panel computers on its booth (#1658) at the International Workboat Show 2016 (IWBS 2016) this week.

Servogear Announces Upcoming Events

Servogear announces a busy end of November, beginning of December. They will be participating at important international exhibitions.

Teamtec and ANDRITZ Cooperation

ANDRITZ and TeamTec have signed a cooperation agreement for worldwide marketing of the SeaSOx exhaust gas cleaning system for the maritime industry. 

Export Credit Norway looking for Norway's Best Exporter

Export Credit Norway  has now opened the nomination process for the 2017 Export Award, searching the Norwegian exporter of the year. 

Global Economic Outlook

7 December, Oslo Chamber of Commerce invites to a session with insightful updates on the Norwegian and international economy.

Rebuilding for Hydrogen

M/Y “Che Guevara”, previously owned by Gaddafi, will be converted to run on hydrogen. Greenstat will lead the project and are seeking partners.