Norway: PGNiG Acquires 10% of Gro Licence from Statoil


Statoil has sold a 10% interest in the Gro licence (PL 326) to PGNiG Norway. Statoil keeps a 30% interest in the licence.

The Gro licence is located in the Vøring Basin in the Norwegian Sea. Natural gas was confirmed in the licence by an exploration well in June 2009.A new well is currently being drilled to further explore the area. Shell is the operator of the licence.As payment for the interest PGNiG will pay a cash amount and cover Statoil’s exploration costs for the well currently being drilled.

“A reduction in our interest in the Gro licence has been made on the basis of an overall evaluation of our exploration and field development portfolio,” says Tove Stuhr Sjøblom, Statoil’s head of exploration on the Norwegian continental shelf.

“We still have ambitions to develop the deep water value potential in the Norwegian Sea and we participate in a number of finds and field development projects, including Luva and Gro,” she says.

The sale agreement is subject to approval by the Ministry of Petroleum and Energy.

Source:Statoil , June 25, 2010

Share this article

Follow Offshore Energy Today

One thought on “Norway: PGNiG Acquires 10% of Gro Licence from Statoil”

Comments are closed.

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 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 1

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

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

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

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