Seeking Alpha

Statoil finally begins drilling Barents Sea well after protestors removed

Statoil (STO -0.2%) has finally begins drilling a controversial wildcat at the Apollo prospect in the Barents Sea after Greenpeace protestors were removed from the area.

A probe has been spudded by semi-submersible Transocean Spitsbergen in STO-operated production license 615 in the frontier Hoop area of the Arctic play, making it the northernmost well drilled to date off Norway.

STO operates the license with a 35% stake, with partners including ConocoPhillips (COP), which owns 25%.

Comments (1)
  • Veritas1010
    , contributor
    Comments (2191) | Send Message
    Talk about a good partnership!
    3 Jun 2014, 09:59 AM Reply Like
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