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Statoil wins 12 new North Sea licenses

The Norwegian oil company Statoil secured all the fields it was looking to get in a recently closed licensing round for the British part of the North Sea.

Photo: Helge Hansen - Statoil

12 new licenses – nine as an operator – was what Statoil bagged yesterday when the British Department of Energy and Climate Change closed its latest licensing round on the UK continental shelf. It means that Statoil secured all of the licenses it had showed an interest in.

"We were awarded all the acreage that we had applied for and are of course very pleased with the outcome of this licensing round. These awards strengthen our UK continental shelf portfolio significantly and underpin our long-term commitment as an operator in UK waters," says Erling Vågnes, senior vice president for exploration in Statoil, in a press release.

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