Chevron wins exploration rights in Norwegian Sea
Chevron Upstream Europe, a strategic business unit of Chevron’s Europe, Eurasia and Middle East (EEME) Operating Company today announced that it has successfully bid for the exploration rights in four blocks awarded in the Norwegian 21st Licensing Round.
The blocks are located in the Outer Vøring Basin in the Norwegian Sea, approximately 335 miles (540 km) west of the coast of Bodø, in 6824 ft (2080 m) of water. Chevron Norge AS has been appointed as the operator, with a 40% equity, in Production Licence PL598 comprising the blocks 6601/6 and 9 and 6602/4 and 7. The other participants in the blocks are ExxonMobil Exploration & Production Norway AS, Idemitsu Petroleum Norge AS and Petoro AS.
“We view the deep waters of the Norwegian Sea as an area of significant resource potential and this acquisition advances our strategy of pursuing attractive and high-impact growth opportunities.” said Guy Hollingsworth, President of Chevron Europe, Eurasia and Middle East.
“This is Chevron’s second award in the deep water of the Norwegian Sea and as operator, we look forward to working with our partners and bringing our technical expertise and capabilities to this high-potential area,” Hollingsworth added.
Read the article online at: https://www.oilfieldtechnology.com/exploration/20042011/chevron_wins_exploration_rights_in_norwegian_sea/
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