Statoil Gets Stake in Offshore Columbia Licence
July 24 2014 - 2:24AM
Dow Jones News
By Dominic Chopping
Norwegian oil major Statoil ASA (STO) said late Wednesday it has
been awarded a 33% interest in the COL4 licence offshore Colombia
in the Caribbean Sea in the 2014 Colombia Licensing Round.
Repsol will be the operator of the licence and will hold 33.34%.
ExxonMobil Exploration Colombia will hold 33.33%.
The award is subject to the final approval of the National
Hydrocarbons Agency of Colombia (ANH).
Initial working commitments include 2D and 3D seismic
acquisition which will allow Statoil to further assess the
potential of the basin.
There are no well commitments during the first exploration
phase.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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