“We’re taking a break in Alaska,” hetold news agency Bloomberg in an interview.
“We don’t anticipate any production from the Arctic in our production prognoses,”he added.
Statoil aims to produce 2.5 million barrels of oil equivalents per day by 2020,up some 500,000 barrels a day.
CFO Torgrim Reitanhas told Aftenbladet, previously,that half a million barrels per day will come from Statoil's production in North America.
Mr Maloney says now none of this will be Alaska-originated.
Statoil does not wish rush into drilling inwaters off Alaska following Shell’srecent decision to postpone drilling for oil in the Chukchi andBeaufort Seas off the US state’scoast. This decision was made after of a series ofaccidents and near accidents lastyear.
The company's 2012 drilling campaign was delayed becauseof problems with equipment on therigs. Two wells were planned drilled last year, but thecompany had to abandon these plans since the time-windowin waters is relativelyshort.
Moreover, the year ended with drillingrig Kulluk grounding in a storm while being towed ashore for the winter. The USgovernment is investigating the incident, and has sent tworigs to Asia for repairs.
“I think we can all agree that it’s wise to learn from each other,” explorationdirector in Statoil, Tim Dodson said in an interview with Bloomberg.
“It’s is better to let time work for, rather than against you.”