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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

StatOil Takes Australian Shale Operatorship

Equinor Petrofrontier Corp.
AnnouncedJun 11, 2013
TypeProperty
Announced Date
June 11,2013
Effective Date
September 01,2013
Close Date
June 11,2013
Transaction Type
Property




Snapshot
Asset/Basin:
{"Southern Georgina Basin"}
TargetZones:
{}
Location
Region
Austral-Asia

Country
Australia


Transaction Details:  Subscribe to see

Statoil and PetroFrontier Corp (PFC) have agreed that Statoil shall acquire 80% of PFC's working interest in the four exploration permits and two exploration permit applications in the Southern Georgina play in Northern Territory in Australia.

Statoil will assume operatorship from 1 September 2013, and will carry 100% of the initial exploration phase capped at USD 50 million.

The first exploration phase will continue through 2014, at which time Statoil will decide whether to continue the exploration to further de-risk the play.

"We believe the Southern Georgina Basin asset to be potentially…

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