Scandoil  

Statoil strengthens its position in Uruguay


Published Feb 16, 2016
Statoil strengthens its position in Uruguay

Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.

"With this transaction, we are increasing our exposure to the upside potential of this untested geological setting. This is in line with Statoil' exploration strategy of access at scale," says Nicholas Alan Maden, senior vice president of Exploration.

Recently Statoil announced its entry into Uruguay as partner in exploration block 14. By accessing the adjacent block 15 Statoil continues to pursue this regional geological trend.

Tags: Statoil, Tullow Oil plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml