News, Oil & Gas

Stronger position for Statoil on UK continental shelf

Statoil was awarded interests in 12 new licences, 9 as operator, in the 28th licensing round on the UK continental shelf, announced today by the Department of Energy and Climate Change.

“We were awarded all the acreage that we had applied for and are of course very pleased with the outcome of this licensing round. These awards strengthen our UK continental shelf portfolio significantly and underpin our long-term commitment as an operator in UK waters,” says Erling Vågnes, senior vice president for exploration in Statoil.

Eleven of the licences are in the North Sea and the remaining one is West of Hebrides. In terms of size, this additional acreage constitutes almost 8000 square kilometres and thus represents access at scale.

 

 

To read the full press release, please visit Statoil.com here.