Statoil was the high bidder on 26 leases in the first lease sale in the Central Gulf of Mexico since March of 2010.

With the addition, Statoil will control more than 350 leases in the Gulf of Mexico, further securing its significant leaseholder position

“We are very pleased with today’s outcome,” says Erik Finnstrom, senior vice president of Exploration for Statoil in North America.

“This addition of leases allows us to further build upon our broad-based strategy for exploration in the Gulf of Mexico and further upgrades our core position in this prolific and proven basin.”

As the world’s largest offshore operator and a leader in subsea technology, Statoil has been a partner in several major discoveries, including Jack, St. Malo, Julia, Vito and Logan.

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