Norway’s Statoil moves closer to South American oil prize

15 Jul 2017   Suriname

Norwegian energy company Statoil said Friday it extended its reach beyond Norway to acquire stakes in what could be one of South America’s biggest prizes. Statoil took a 33.3 percent interest in so-called Block 59 off the coast of Suriname in a consortium that includes U.S. counterparts Exxon Mobil and Hess Corp. It was awarded the role of operator after taking a 100 percent interest in so-called Block 60. “Block 59 is a potential extension of the trend on which the Liza discovery was made in neighboring Guyana,” the Norwegian company explained . Exxon Mobil and Hess made a final investment decision for offshore Guyana in the Liza discovery, one of the largest oil finds in years, in June . The companies put the reserve […]

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