Statoil: adds two exploration licenses in South Africa.
(CercleFinance.com) - Norwegian oil firm Statoil has taken participating interests in two additional offshore frontier blocks in South Africa, including one operatorship, the company said on Thursday.
Statoil has completed a transaction with US giant ExxonMobil, acquiring a 35% stake in an exploration project covering approximately 45,000 square kilometres in water depths up to 3,000 metres.
ExxonMobil will remain the operator, with a 40% stake.
Statoil has also completed a transaction with OK Energy, acquiring a 90% interest, along with operatorship in a project covering approximately 9,300 square kilometres.
The energy group also said that it has installed the last of the 67 wind turbines of the Dudgeon wind farm which will provide electricity to 410,000 homes in the UK from October.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Statoil has completed a transaction with US giant ExxonMobil, acquiring a 35% stake in an exploration project covering approximately 45,000 square kilometres in water depths up to 3,000 metres.
ExxonMobil will remain the operator, with a 40% stake.
Statoil has also completed a transaction with OK Energy, acquiring a 90% interest, along with operatorship in a project covering approximately 9,300 square kilometres.
The energy group also said that it has installed the last of the 67 wind turbines of the Dudgeon wind farm which will provide electricity to 410,000 homes in the UK from October.
Copyright (c) 2017 CercleFinance.com. All rights reserved.