Statoil eyeing oil off Nicaragua’s Pacific coast

On 3 September Statoil signed a Petronic-Statoil a letter of intent with the intention to find ways to cooperate in oil and gas activities offshore Nicaragua’s Pacific coast.

The consortium (Statoil and Petronic) has also sent a request to the Nicaraguan Ministry of Energy of Mines (MEM) to request start of exclusive negotiations for concession contracts offshore Nicaragua’s Pacific coast. This request is pending MEM approval. This is an early phase, but a first step towards possible exploration activities offshore Nicaragua.

Separately, Geoex International has signed a cooperation agreement with Petronic with the intent to conduct a 2D seismic survey covering an area of 32,000 square kilometres off Nicaragua’s Pacific coast.

Statoil explained in the press release that contrary to what some recent media reports indicate, Statoil is not party to this agreement.

Press Release, September 11, 2014

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 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

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

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

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