StatoilHydro Exploring the Bahamas

Tuesday, May 19, 2009

StatoilHydro has reached agreement with BPC Limited to become the operator of three offshore exploration licenses, Zapata, Islamorada and Falcones in the Cay Sal area of the south-western Bahamas.

Approval and award of the licenses by the Government of the Commonwealth of The Bahamas is still pending.

“There is no drilling commitment during the first phase of the license. At the end of the initial 3-year license term the license holders will have the option to commit to drilling a well in the second phase,” said Global Exploration vice president Erik Finnstrom.

Limited historic 2D seismic and satellite data indicate the presence of several large structures in the license areas. New seismic may prove the presence and shape of the structures. Oil is presently produced in northern Cuba, some 150 kilometres to the west.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

FPSO Trio Receives Side Shell Protection

SPS Overlay has yet again been used for side impact protection on three FPSOs for a major player in the offshore industry. The work was carried out at Enseada do Paraguaçu S.

Vard Wins Farstad's OSCV Contract

Vard Holdings Limited (“VARD”) has secured a contract for the design and construction of one Offshore Subsea Construction Vessel (“OSCV”) for Farstad Shipping (“Farstad”).

US Jury Rules in Favor of Apache Corp.

Apache Corp was not in breach of contract in a lawsuit brought by Houston-based oil and gas producer W&T Offshore Inc in 2011, a federal jury found on Monday, according to a court filing.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1035 sec (10 req/sec)