Statoil is struggling to find partners

Statoil normally publishes an exploration program each year outlining expected exploration drillings for the following year. But the company did not do so in 2014, and this was not only the result of cost reductions.

Photo: Statoil

Norwegian oil giant Statoil did something unusual last year. The company opted not to publish an exploration program for 2015.

The decision was not caused exclusively by budget cuts and cost reductions, but rather the fact that Statoil does not yet exactly know where and when to perform exploration drillings, reports Norwegian media Teknisk Ukeblad.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs