Tag Archives: Equinor (Statoil)

As a consideration. Statoil will fund 100% of the cost of certain future activities in the block.

Valemon is a gas and condensate field in the northern sector of the North Sea. just west of Kvitebjørn. The field has been developed using a fixed production platform. Production began in 2015.

Exploration well 15 6-14 S. which Statoil has now received consent to drill. is to be drilled as a sidetrack from existing well 15 6-B-2.

JOG and CIECO hold 18% and 12% interest in the P.2170 Licence respectively.

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

Statoil is the operator of Johan Sverdrup with a 40% stake. The other partners are Aker BP. Petoro and Lundin.

The world'.s first full-scale floating wind farm - with turbines taller than the Britain'.s Big Ben - is being built off the coast of Scotland.

This is the first exploration well in production licence 849. The licence was awarded in APA 2015.

Statoil. for its part. said on Friday that ``Block 59 is a potential extension of the trend on which the Liza discovery was made in neighboring Guyana.``

The project will capture CO2 from three onshore industrial facilities in eastern Norway.