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EQNR Equinor ASA

27.16
0.71 (2.68%)
After Hours
Last Updated: 23:13:59
Delayed by 15 minutes
Name Symbol Market Type
Equinor ASA NYSE:EQNR NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.71 2.68% 27.16 27.14 26.68 26.69 2,764,761 23:13:59

Statoil Awarded Exploration License Onshore in Argentina

30/11/2017 9:08am

Dow Jones News


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    By Dominic Chopping 
 

Norway's Statoil ASA (STO) said Thursday it has been awarded an exploration license in Argentina, taking a 90% interest as operator.

The award relates to the Bajo del Toro Este exploration license in the Neuquen basin and Statoil has committed to one exploration well within the four-year exploration period, which starts in 2018.

"With the Bajo del Toro Este license award we are building our light oil position in a world-class unconventional resource play, the Vaca Muerta Formation," said Tim Dodson, Statoil's executive vice president for exploration.

Gas y Petroleo del Neuquen retains a 10% interest in the license.

 

Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

 

(END) Dow Jones Newswires

November 30, 2017 03:53 ET (08:53 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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