Construction News

03/03/2016

Statoil Wins Six Licensing Options

Statoil has won six Licensing Options in Ireland's 2015 Atlantic Margin Licensing Round.

Statoil will be the operator of four Licensing Options and partner in two Licensing Options, operated by ExxonMobil Exploration and Production Ireland (Offshore South) Limited.

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The six Licensing Options awarded to Statoil total approximately 7,700km2 in the Porcupine Basin in water depths ranging between 1,100 and 3,150 meters. Statoil and ExxonMobil each hold 50% equity in all the Licensing Options.

Work programme commitments are limited to 2D and 3D seismic surveys to be acquired during 2016 and 2017.

(CD/JP)

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