Statoil open for new Libya contracts
Resumes normal operations.
Statoil wishes to consider new oil and gas contracts in Libya but does not expect anything will happen soon.
“We believe it will take some time before Libya opens for new awards. The first priority now is to get production up to the old level,” head of information Bard Glad Pedersen said to NTB.
Country manager Jarle Bøe returned to Libya last month, telling Aftenbladet that the only damage to the building was a few bullet-holes on the 11 floor.
Less damage than feared
Prior to the start of the Allied campaign, Statoil participated in oil exploration and production as a partner of the onshore Mabruk field in the Murzuq Basin.
The company’s activities were around 1.3 percent of its international production, and yields in the last quarter of 2011 were 7,800 barrels per day
He added, “Our country office will be open to new opportunities that present themselves. Nonetheless, we assume that we have to compete for any new contracts and show that we can create value.”
The Norwegian energy giant is to drill a third well in Hoop, the northernmost NCS exploration area.
The energy giant cuts in Norway and invests over 1 billion kroner in Australia over the next three years.