Exploration - 28 November 2014

Low oil prices are likely to delay upstream developments in northwest Europe, according to GlobalData.

Dolphin has been awarded a 3D seismic contract in West Africa for an undisclosed independent oil company.

The Derby Block is a large exploration licence of approximately 5000 km2 that was recently granted to Backreef (50%) and Oil Basins Ltd (50%).

The opening of the office reflects Statoil’s increased ambitions in the German market.