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Statoil Expands Presence Offshore Suriname; Two New Exploration Licenses

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   |    Monday,July 17,2017

Statoil has scored two additional offshore exploration licenses in Suriname's Guyana Basin.

- Block 59: Statoil has been awarded 33.33% equity interest. ExxonMobil is the operator. Block 59 is a potential extension of the trend on which the Liza discovery was made in neighbouring Guyana.

- Block 60: Statoil has been awarded 100% equity interest and operatorship. Block 60 sits adjacent to Tullow-operated Block 54, where Statoil is partner. Tullow is preparing to drill the Araku-1 wildcat exploration well in Block 54 later this year.

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