Monday, December 5, 2016

Statoil awarded licenses in Mexico – E24

the Consortium is assigned to both block 1 and block 3. Statoil is the operator with a 33,4 percent stake, while the remaining shares are divided equally between the parnerne BP and Total.

It is the first time that Mexico holds the auction for deep water oil and gassblokker. Together were 10 deep-water blocks put out for bid.

media relations in Statoil, Erik Haaland, confirmed on Monday evening the award towards the E24.

– We think it is exciting to get access to the area in an area that is so unexplored. There is uncertainty around the underground and there is an early phase, but there is the potential to open a new area, ” he says.

Great interest

Statoil informs that the consortium in vinnerbudene offered a further royalty of 10 per cent of the possible income in the future. They commanded also a further programme of work the equivalent of one well per block.

– The assigned licenses support Statoil’s exploration strategy of early access at scale. This strengthens and develops the range of options in Statoil’s long-term international portfolio even further, ” says Tore Løseth, Statoil’s vice president for exploration in the united STATES and Mexico, in a press release.

 <p><b>ASSIGNMENT:</b> Statoil is awarded block 1 and block 3 in the Salina areaåit.</p>

AWARD: Statoil has awarded block 1 and block 3 in the Salina area.

Block 1 as Statoil consortium is awarded, a 2.391 square kilometers large area of the mexican energy believes holds 1.852 billion barrels of oil equivalent. Block 3 is 3.287 square kilometers large and contains 1.669 billion barrels of oil equivalent in light oil and natural gas, according to Reuters.

A number of companies had in advance announced their interest, including Exxon, Chevron, BP, Statoil and Petrobras.

Nøkkelåpning

Mexico’s production is falling, and the statsoljeselskapet also close by have struggled with low investeringsevne. The country has therefore opened up for auctions in order to attract international companies and capital to the country.

According to the Financial Times marks the auction a nøkkelåpning of the country’s energy sector.

– It is the start of the great oljespillet in Mexico, ” says Pablo Medina, analyst at energikonsulentbyrået Wood Mackenzie.

Mexico has already awarded blocks on land and in shallow water. But dypvannskontraktene is considered as the crown jewel in the auction process to date, because that’s probably where the biggest discoveries will be made.

While the United states side of the gulf of Mexico is full of oil rigs and accounts for 17 percent of the U.s. total production, is the mexican side relatively untouched.

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