Joint Venture to Explore Offshore Mozambique
operator of the joint venture with 34 percent participating interest. Partners are Statoil and Sasol with 25.5 percent each and ENH with 15 percent. The minimum work program includes seismic and three commitment wells. “The Angoche area is a very promising frontier basin with significant oil potential and builds on Statoil's exploration strategy of access at scale,” said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere
Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km
Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska, a World Wildlife Fund study showed on Friday. The WWF contracted RPS Applied Science Associates to model 22 different oil spill scenarios and map the spread of the oil, potential impact on the water and shoreline, and interaction with sea ice, wildlife and the surrounding ecology. Types of oil spills analyzed included shipping spills, shallow-water blowouts and deep-water blowouts. The BP Plc
Exploration Well in Drivis Completed
. Statoil estimates the total volumes in Drivis to be in the range of 44-63 million barrels of recoverable oil equivalent (o.e.), out of which 42-54 million barrels of oil. In May 2013 Statoil launched a targeted exploration campaign around the Johan Castberg field in order to clarify additional oil potential in the area and make the development project more robust. The exploration campaign comprised five wells and has lasted for 12 months. Drivis was the last well of this drilling campaign in the Johan Castberg area. “Over the past year we have made a significant exploration effort in
Oil Cleanup Continues in Oakland Estuary
heavy oil while removing sediment from the tug Respect in the Oakland Estuary Oct. 14, 2013. Further research on the Respect showed an estimated 300-500 gallons of oil had been left aboard during removal operations conducted in 1998. The Respect was then vandalized in 2007 and sank with an unknown oil potential. Based on the information at hand and the unknown amount of oil, it was determined by the Federal On-Scene Coordinator that Respect posed a substantial threat to the environment. The Oil Spill Liability Trust Fund was utilized to contain and remove all oily product aboard the tug in order
Statoil Reports Success in Espírito Santo
Statoil has received formal approval to enter the São Bernardo discovery in Espírito Santo. The discovery further strengthens Statoil's belief in the oil potential in the basin. On March 19, Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) approved Statoil’s acquisition of Vale SA’s 25% equity in the BM-ES-22A concession in the Espírito Santo basin offshore Brazil. The concession contains the São Bernardo oil discovery made in April 2013. The discovery strengthens Statoil’s position in the basin and the
Exploration Well in Kramsnø Completed
barrels of recoverable oil. Skrugard and Havis opened a new petroleum province in the Barents Sea and created a basis for the Johan Castberg field development project. In 2013, Statoil launched a targeted exploration campaign around the Johan Castberg field in order to clarify additional oil potential in the area and make the development project more robust. The exploration campaign comprises five prospects, and Kramsnø was the fourth of those. "We are approaching the end of the current drilling program around the Johan Castberg field. Unfortunately, out of the four wells drilled
February 2025
