Statoil to Step Up Offshore Norway Exploration

Statoil to Step Up Offshore Norway Exploration

Norway's Statoil (STO) will ramp up its search for oil and gas deposits on the Norwegian continental shelf next year, the company said on Friday.


"We are looking at drilling 25 to 30 wells in Norway in 2018. That's an early ambition we have and it depends on some approvals," Statoil's spokesman said.

The number includes both Statoil and partner-operated wells, and compares with 16 to 18 exploration wells the company planned to drill off Norway in 2017.


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