Norway: Marathon to Take Over Vilje Operatorship from Statoil

Marathon Takes Over Vilje Operatorship from Statoil

Statoil transfers operatorship of the Vilje field in the North Sea to Marathon Oil Norge.  The agreement does not involve any change of stakes in the production licence (PL 036D).

“Statoil is interested in good area solutions. We therefore find it natural that Marathon, as the biggest operator in the area, gets to optimise the values for the licensees,” says Jannicke Nilsson, Statoil’s head of operations North Sea West.

Thanks to this transfer of operatorship a rig that was planned to be used for the Vilje South development will be available for other Statoil drilling jobs. Portfolio management is a priority area in Statoil’s strategy, and the Norwegian continental shelf emerges as an area where such focus may add value.

In recent years Statoil has carried out several transactions and signed joint venture agreements to position Statoil as a financially robust, technology-focused upstream company.

This includes the agreement to sell assets to Centrica, the acquisition of Hess’ stake in the Snøhvit field, and the purchase and sales agreement with Total on the Valemon and Hild fields, which are under development.

The agreement with Marathon takes effect on 1 September 2012 subject to the approval of the Ministry of Petroleum and Energy.  The Vilje development includes two subsea wells tied in to the Alvheim production vessel. The field is located some 20 kilometres north-east of the Marathon-operated Alvheim field.

 

Source: Statoil, May 16, 2012

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply