Statoil Gets Two Offshore Exploration Licenses In Suriname

Statoil said it has signed agreements to enter two offshore exploration licenses in Suriname. The agreements cover two blocks in the Guyana basin. In block 59, Statoil has been awarded 33.3% equity interest with partners ExxonMobil (XOM) and Hess (HES). ExxonMobil is the operator. In block 60, Statoil has been awarded 100% equity interest and operatorship. For both licenses the first exploration phase includes commitment to acquiring 2D seismic data and conducting technical studies.

By Bryan Smith