lfaks area. It includes two subsea templates, four production wells, two gas injectors, a gas injection pipeline and umbilicals and power cables for pipeline heating. The project utilise spare processing capacity and will extend the Gullfaks A platform life beyond 2030. DPI segment This segment is responsible for all development and production of oil and gas outside the Norwegian continental shelf (NCS). In 2015, DPI was engaged in production in 11 countries, such as Algeria, Angola, Azerbaijan, Brazil, Canada, Ireland, Nigeria, Russia, the U.K., the U.S., and Venezuela. As of December 31, 2015, the company had exploration licenses in North America (Canada and the U.S.), South America and sub-Saharan Africa (Angola, Brazil, Colombia, Mozambique, Nicaragua, Suriname, South Africa and Tanzania), North Africa (Algeria and Libya), Europe and Asia (Azerbaijan, Greenland, Indonesia, Myanmar, Russia and the U.K.), as well as Oceania (Australia and New Zealand). The main development projects in which DPI is involved are in Brazil, Canada, the U.K., and the U.S. The company also has representative offices in Kazakhstan, Mexico and the United Arab Emirates. North America Production in North America comprises the U.S. and Canada. The U.S. The company is positioned in the fast-growing U.S. onshore oil and gas industry. The company entered the Marcellus shale gas play, located in the Appalachian region in north east U.S., through a partnership with Chesapeake Energy Corporation, acquiring 32.5% of Chesapeake's 1.8 million acres in Marcellus. The company has continued to acquire acreage within the play, with a net acreage position of 410,000 acres. The company entered the Bakken tight oil play through the acquisition of Brigham Exploration Company in 2011. The company’s net acreage position in Bakken and Three Forks shale formation was 249,000 acres as of December 31, 2015. The company entered the Eagle Ford shale formation located in southwest Texas in 2010. Through agreements with Enduring Resources LLC and Talisman Energy Inc., the company acquired 67,000 net acres. The company has a total working interest of 63% representing an addition of 15,000 net acres for a total of 72,000 leaseholds. The company’s joint venture partner, Repsol, continues to hold 37% working interest. The company is positioned in the Gulf of Mexico for the following offshore developments: The Tahiti oil field is located in the Green Canyon area. The development includes a floating spar facility. As of December 31, 2015, there were nine production and three water injection wells in operation, and additional wells will be phased in over time to fully develop the field. The Caesar Tonga oil field is located in the Green Canyon area. As of December 31, 2015, there were six producing wells tied back to the Anadarko-operated Constitution spar host, and additional production wells will be phased in over time. The Jack and St. Malo oil fields are located in the Walker Ridge area. The fields are subsea tie-backs to the Chevron operated Walker Ridge Regional Host facility. As of December 31, 2015, there were three wells producing on Jack and three wells producing for St. Malo. Additional production wells will be phased in over time. Canada The company continues as operator and 100% working interest owner for the Leismer and Corner projects, which together comprise 123,200 net acres of oil sands leases in Alberta. In addition, the company has interests in the Jeanne d'Arc Basin offshore the province of Newfoundland and Labrador in the partner operated producing oil fields Terra Nova, Hibernia and Hibernia Southern Extension. South America The company’s production activities in South America comprise the Peregrino operatorship in Brazil and the Petrocedeño project in Venezuela. Brazil: The Peregrino field is a heavy oil field located in the Campos Basin, approximately 85 kilometers off the coast of Rio de Janeiro. The company holds a 60% ownership interest in the field and is operator. Venezuela: Petrocedeño produces extra-heavy crude oil from the Junin area in the Orinoco Belt. The oil is transported through pip
statoil asa-spon adr
(DNQA:German Stock Exchange)
Phone: 47 51 99 00 00
Fax: 47 51 99 00 50www.statoil.com
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for DNQA.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact STATOIL ASA-SPON ADR, please visit www.statoil.com. Company data is provided by Capital IQ. Please use this form to report any data issues.