Exploration & Production | Top Story
Profile: A Look At Statoil's Eagle Ford, Marcellus, Bakken Ops
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Statoil has had a strong growth in production within US shale since we entered the first play in 2008, up to current level of 177 mboe/d in 2013.
Marcellus ShaleStatoil entered the Marcellus shale gas play (located in the Appalachian region in north east USA) in 2008 through a partnership with Chesapeake Energy
Corporation, acquiring 32.5% of Chesapeake's 1.8 million acres in Marcellus.
We have continued to acquire acreage within the play, with a net acreage position of 611,000 acres, including 70,000 net acres acquired in December 2012 where we are now operating. Divestments of non-core acreage have also taken place during 2013 to highgrade our portfolio.
Marcellus provides Statoil with a long-life gas asset and considerable optionality in relation to the timing of drilling and…
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