Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Oslo Bors  >  Statoil    STL   NO0010096985

STATOIL (STL)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Statoil ASA : Statoil farms down in Mozambique licence

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/02/2013 | 09:14am CEST

Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION.

The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin.

Nick Maden, senior vice president in Exploration international in Statoil.

"The farm-down reflects the attractiveness of Statoil's acreage in Mozambique. Bringing INPEX onboard allows the companies to diversify geological risk while sharing the potential upside. The first out of two wells in the license will be drilled during 2Q by the drillship Discoverer Americas," says Nick Maden, senior vice president in Exploration international in Statoil.

The blocks are located in a frontier area with a water depth varying between 300 and 2,500 metres. The area covers 8,041 square kilometres.

"Our presence in Mozambique is in line with Statoil's exploration strategy, focusing on early access in a prolific region. Large gas discoveries have recently been made north of the acreage and the prospectivity for hydrocarbons in the Statoil operated blocks is promising," adds Maden.

After the farm-in completion, the block will continue to be operated by Statoil Oil & Gas Mozambique A.S. with a 40% participating interest, the other partners being INPEX Mozambique, Ltd. (25%), Tullow Mozambique Limited (25%), a subsidiary of Tullow Oil and Empresa Nacional de Hidrocarbonetos, E.P., the Mozambican state oil company (10%).

The commercial terms of the transaction are confidential and it is subject to Mozambican government approval.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STATOIL
06/24 STATOIL : commissions LNG dual-fuel powered North Sea shuttle tankers
06/24 STATOIL : Norway`s PSA grants permission to extend lifetime of Gullfaks B facili..
06/23 STATOIL ASA : - Completion of share capital increase in connection with the Divi..
06/23 STATOIL ASA : - Allocation of Dividend Shares to primary insiders for fourth qua..
06/23 STATOIL : Malaysia`s AET to operate Statoil`s new LNG-fueled shuttle tankers
06/23 STATOIL : Awards Contract on New Shuttle Tankers
06/22 STATOIL ASA : - Result of the Dividend Issue for the fourth quarter 2016
06/22 STATOIL : Awards Contract on New Shuttle Tankers
06/22 FAROE PETROLEUM : Statoil Press Announcement regarding plans for development and..
06/22 STATOIL : Gjennomføring av kapitalforhøyelse i forbindelse med Utbytteemisjonen ..
More news
Sector news : Integrated Oil & Gas
06/22 Two Iranian airlines plan to buy 73 Airbus jets
06/22 CHINA PETROLEUM & CHEMICAL : Looming Chinese refinery cuts to hit oil demand
06/21 Norway offers record number of blocks for Arctic oil exploration
06/21DJTOTAL : to Invest $1 Billion in Iran Venture -- WSJ
06/20DJTOTAL : Pledges $1 Billion Investment in Iran Gas Field--2nd Update
More sector news : Integrated Oil & Gas
News from SeekingAlpha
06/21 Statoil gets Norway?s OK for Njord, Bauge developments
06/21 Norway opens up record 93 blocks for Arctic oil exploration
06/14 REUTERS : Rosneft, partners to invest $8B-plus in Russian offshore energy
06/13 Statoil denies patent infringement, maintains Arctic drilling
06/12 IEA MODELS PARIS AGREEMENT : Grim News For Fossil Fuels, Good News For Renewable..
Advertisement
Financials ($)
Sales 2017 59 091 M
EBIT 2017 11 836 M
Net income 2017 3 698 M
Debt 2017 17 489 M
Yield 2017 5,31%
P/E ratio 2017 15,08
P/E ratio 2018 12,71
EV / Sales 2017 1,21x
EV / Sales 2018 1,14x
Capitalization 54 171 M
More Financials
Chart STATOIL
Duration : Period :
Statoil Technical Analysis Chart | STL | NO0010096985 | 4-Traders
Full-screen chart
Technical analysis trends STATOIL
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 33
Average target price 18,6 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Øystein Løseth Chairman
Jannicke Nilsson Chief Operating Officer & Executive Vice President
Hans Jacob Hegge Chief Financial Officer & Executive Vice President
Bjørn Tore Godal Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STATOIL-12.12%54 171
ROYAL DUTCH SHELL-9.39%217 102
PETROCHINA COMPANY LIM..-3.27%196 496
TOTAL-9.46%122 992
NK ROSNEFT' PAO--.--%57 420
ENI-11.70%55 191
More Results