Statoil enters Turkish licences
Turkey The two companies will team up for a work programme that will include an exploration well to test the unconventional gas potential of the areas below 2,500 m in the basin, where Statoil and Valeura hold 50% stakes each. The latter retains a 100% interest in the basin’s shallow formations. Spudding is expected by late 2016 or early 2017.
Erling Vågnes, senior vice-president for Statoil’s exploration activities in the Northern Hemisphere, said the company’s entry into the European part of Turkey was “in accordance with our exploration strategy to build a diverse portfolio of low commitment frontier opportunities with impact potential.”
Recent Posts
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil makes deepwater discovery off Angola
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More