dalasini (Statoil-operated) discoveries in Tanzania. North America The U.S.: The company operated five wells in the Gulf of Mexico (Yeti-1, Yeti Side track, Yeti Appraisal, Thorvald-1 and Power Nap). Yeti-1 and its side track were discoveries, Yeti appraisal confirmed the volumes discovered. Power Nap is ongoing at year end. Canada: The West Hercules rig arrived in Canada in November 2014, for a 550 days drilling campaign, which continues into early-2016. The programme has focused on appraisal and near field exploration wells in the greater Bay du Nord discovery area, as well as select exploration prospects in the greater Flemish Pass Basin. The company and its partners were the successful bidders for six exploration licences in the Flemish Pass Basin, offshore Newfoundland, and two licences offshore Nova Scotia in East Coast Canada in 2015. The company will operate seven of the eight leases awarded. South America and sub-Saharan Africa Angola Kwanza: The company acquired a solid acreage position in the pre-salt play of the Kwanza Basin in 2011 with the operatorship in Block 38 and 39 and a partner position in Blocks 22, 25 and 40. The work program included eight commitment wells, two Statoil operated and six partner operated. So far six wells have been completed. In 2015, two partner operated wells were drilled, Umbundu in block 40, Catchimanha in Block 22. Brazil: All exploratory well operations during 2015 were conducted on BM-C-33 license as part of Pão de Açucar and Seat appraisal activities. The Pão de Açucar discovery was fully evaluated by drilling two wells (PdA-A1 and PdA-A2) and performing a successful DST (Drill Stem Test) on PdA-A2. The Seat-2 well was re-entered to perform a DST. In agreement with its licence partners, the company would assume operatorship of the BM-C-33 licence subject to receiving government approval. Colombia: The company has accessed three licences in 2014, representing access at scale in relatively frontier acreage. In the COL-4 licence, an environmental and social impact study has been completed. The company farmed-in to a 10% equity share in the Tayrona licence and a 20% share in the Gua Off licence in 2014. The Orca-1 well in the Tayrona licence was announced as a gas discovery in 2014. Mozambique: The 5th licence round was announced during the third quarter of 2015. The company together with partners submitted a winning bid in the A5-A block located in the Angoche area. Eni is the operator of the joint venture with 34% participating interest. The company’s equity is 25.5%. Final award is expected mid-2016 subject to successful negotiations. Tanzania: The Tanzania drilling campaign using the Discoverer Americas rig was completed in 2015 after having drilled the Mdalasini prospect and the Tangawizi-2 appraisal well. The discoveries of natural gas in Mdalasini-1, Piri-1 and Giligiliani-1 have increased the total in-place volumes in Block 2. South Africa: The company completed a farm-in transaction in October 2015 with ExxonMobil acquiring a 35% interest in the ER 12/3/154 Tugela South Exploration Right. The Operator is Exxon with 40% equity. The farm-in represents a country entry for the company into South Africa. The company intends to participate at an early phase of exploration with a step-wise exploration programme. Nicaragua: In 2015, the company together with partner Empresa Nicaraguense del Petroleo (Petronic) has been awarded four licences offshore the Nicaraguan Pacific. The company is the operator with 85% equity with the Petronic holding the remaining equity. 2D seismic data has been acquired and processed during 2015 and subsurface studies are underway. North Africa Algeria: The company and Shell were awarded the Timissit licence in the Berkin basin onshore Algeria in September 2014. The company is the operator with 30% equity. The award represents an opportunity to test a potentially large unconventional (shale) resource play. The work commitment (up to the first exit point in 2018) is 3D seismic and two vertical wells. Europe (excluding Norway), Asia and Australia The U.K.: In 2014, the company was awarded interests in 12 explo
statoil asa-spon adr (DNQA:Frankfurt)
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