Statoil Hydro wins Offshore Brazil Bid

Monday, December 03, 2007
Statoil Hydro on November 27 said it has won a bid to conduct offshore exploration off Brazil. The Norwegian group was awarded two blocks offshore. The blocks, numbered CM529 and CM530, are located in sea depths of around 100 m. The licenses for the two blocks were to be operated by Anadarko Petroleum Corporation that would have a 50 percent stake, the same as Statoil Hydro. Statoil Hydro did not state what the bid cost. The blocks were located next to the heavy oil field Peregrino that was slated to come on stream in 2010. Statoil Hydro has a 50-percent-stake in the Peregrino field in the Campos basin. The Norwegian group was created October 1 when Statoil and its rival Norsk Hydro merged their oil and gas activities. StatoilHydro and other oil producers were lifted by oil prices which moved up on expectations of another fall in US crude oil inventories. “We are pleased with the good results we have achieved. These licences will further strengthen StatoilHydro’s longterm commitment to Brazilian offshore activities,” said Jorge Camargo, president of Statoil- Hydro Brazil. The blocks lie adjacent to the Peregrino field in the Campos basin in which Statoil- Hydro already holds a 50 percent interest. The news came after Statoil announced a new gas discovery in Azerbaijan, announced by BP. Statoil has 25 percent of the Shah Deniz field and said the find meant there was potential of more than doubling the output from the field. (Source: www.neurope.eu)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Corima Acquires Damen ASD 2810 Tug

On 20 January 2016, Corima, part of the Italy-based Gesmar Group, held an official handover ceremony for a Damen ASD 2810 tug. The festivities were attended by

HHI to Localise Main Equipment for Offshore Plants

Hyundai Heavy Industries and Doosan Heavy Industries Collaborate in Localizing Main Equipment for Offshore Plants   Seoul, South Korea – February 4 – Hyundai Heavy Industries (HHI),

European Consortium Launches Blue Nodules Project

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable

Education/Training

SUNY Maritime Among Top Schools for Career Placement

The Princeton Review’s annual college rankings place State University of New York Maritime College among the top 10 in the nation for career placement after graduation.

Campaign for Webb at $28 Mln and Counting

Webb Institute’s Campaign Cabinet, led by President Keith Michel ’73 and Campaign Chair Joseph Cuneo ’57 announced that $28 million (70 percent) of the $40 million

Crowley Celebrates Seven Million Man Hours Without LTI

Crowley Maritime Corporation’s tanker escort and docking services group in Valdez is celebrating over seven million man hours and more than six years since logging its last Lost Time Injury (LTI).

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0687 sec (15 req/sec)