Exploration - 19 March 2015

Summary includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days.

The field has been developed at a water depth of about 400 metres with two facilities on the sea bed.

Ecuador is the smallest oil producing member of the Organisation of the Petroleum Exporting Countries (OPEC).

UK fiscal regime being revamped to reflect the maturity of the UK basin.

Statoil is presenting the annual and sustainability reports for 2014, together with the new payments to governments report.

Statoil was the apparent high bidder on 14 leases in the Central Lease Sale.