Norway-based oil and gas company Statoil has acquired operatorship for all activities in the eastern part of its Eagle Ford asset in Texas, US.
Statoil has established a 50/50 joint venture (JV) with Talisman Energy in the Eagle Ford shale in 2010, while Talisman acted as the operator of the JV owned acreage at initial stages.
In 2012, Statoil signed an agreement with Talisman to acquire operatorship for half of the acreage in the Eagle Ford shale asset.
Both the companies have also signed a deal that Statoil will assume operatorship through a phased transition in the eastern half of the asset, which include Oak, Karnes, DeWitt and Bee counties.
Talisman will continue operational activities in the western acreage, which covers McMullen, La Salle and Dimmit counties.
Statoil US onshore senior vice president Torstein Hole said the assuming of operatorship is an important achievement for the company as an operator in the US.
"We now have operational activities in all of our onshore assets — Bakken, Marcellus and Eagle Ford," Hole added.