The licenses were awarded through a land sale issue by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB).
Statoil has acquired one SDL, an extension of Statoil’s current Mizzen license where Statoil is the operator with a 65% interest with Husky Oil Operation as the partner.
It also acquired two ELs located in the Flemish Pass Basin/Central Ridge region, approximately 500km offshore Newfoundland.
For the licence situated in the northern part of the Flemish Pass Basin, Statoil is operator with a 75% interest with Repsol being the partner.
In addition, it took over one EL located in the Jeanne d’Arc Basin, approximately 250km offshore Newfoundland. Statoil Canada has a 50% interest and Husky Oil Operation is the operating partner.
Statoil is partner in the ongoing drilling of the Suncor Energy operated Ballicatters well in the Jeanne d’Arc Basin.
As operator Statoil is planning to drill a well on its Mizzen discovery located in the Flemish Pass Basin and another on its Fiddlehead licence in the Jeanne d’Arc Basin in 2011/ 2012.
Statoil is also partner in two producing offshore fields, Terra Nova and Hibernia, and in the field developments of Hibernia Southern Extension and Hebron.
