Gulf Oil and Gas accountACCOUNT

Statoil Starts Latest GOM Drilling Campaign

Source: www.gulfoilandgas.com 5/6/2014, Location: North America

Statoil has started its latest Gulf of Mexico exploration campaign. It started drilling Martin, a high-impact prospect, on 20 April.

"We consider Martin one of the top prospects in our global portfolio," says Jez Averty, senior vice president of exploration for Statoil in North America. "Since acquiring this prospect in 2012, we've advanced it in 20 months which is considerably faster than the normal maturation time."

As the world's largest offshore operator, Statoil has a significant presence in the Gulf of Mexico. In addition to its active exploration program, Statoil is a partner in many of the largest fields under development, including Jack, St. Malo, Big Foot, Julia, Vito and Stampede.

"We're committed to profitability growing our business in North America," said Bill Maloney, Statoil executive vice president of its North America operations. "Having a strong and robust exploration program is essential for long-term growth, and we're very excited to begin this latest drilling campaign in the Gulf of Mexico."

In a speech at a private reception during the Offshore Technology Conference in Houston, Maloney explained that Statoil's growth in North America has been methodical and incremental. The company has made strategic acquisitions in onshore and offshore plays while building its midstream capacity. The company has been active in North America for 25 years.

In 2013, Statoil was ranked as the world's most successful exploration company, finding more oil and gas than any other company. Statoil also made the world's largest conventional oil discovery in 2013. Its Bay du Nord discovery in the offshore east coast of Canada contains 300-600 million barrels of oil.

Drilling News in United States >>

Norway >>  8/10/2020 - The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 6204/11-3, cf. Section 15 of the Resource Management...
Norway >>  8/3/2020 - The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a drilling permit for well 6507/4-1, cf. Section 15 of the Resource Mana...

Norway >>  7/31/2020 - Equinor Energy AS, operator of production licence 532, has concluded the drilling of wildcat well 7219/9-3. ...
Israel >>  7/30/2020 - Zion Oil & Gas, Inc. (ZN) announces formal approval from the Israel Ministry of Energy of its drilling plan for its next well in Israel. ...

Norway >>  7/30/2020 - Norway's Petroleum Safety Authority has given Equinor consent to use the Maersk Intrepid mobile drilling facility for production drilling, completion ...
Norway >>  7/29/2020 - The Norwegian Petroleum Directorate has granted Equinor a drilling permit for wildcat well 6407/1-8 S & A in production licence PL 263 D.

W...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.