Scandoil.com

StatoilHydro grows arctic stake in Alaska


Published Feb 7, 2008
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Icebreaker Aker Arctic
courtesy Aker Arctic

StatoilHydro was the high bidder on 16 leases in Alaska’s Chukchi Sea Lease Sale, and Italian oil company ENI bid jointly with the Norwegian state champ on 14 leases.

StatoilHydro will operate all field stakes in an area of no infrastructure northwest of oil-rich Prudhoe Bay. Despite the need to build from scratch, seven companies participated in the Minerals Managerment Service’s auction.

The leases lie 60 kilometres north of the Burger gas discovery in an area of some prospects.

The Chukchi sale comprised 5,354 blocks in 5,600-square kilometres of shallow water.

The Alaska holdings add to StatoilHydro’s coldwater presence offshore Eastern Canada, in northern Norway and Arctic Russia.

As elsewhere in the Arctic, work in sensitive area ecosystems is likely to attract the ire of environmentalists already in uproar over StatoilHydro’s Arctic liquefied natural gas plant at Hammerfest, Norway’s northernmost city, where two flare towers were erected to the consternation of the country's Green guardians.

Tags: Eni, StatoilHydro




   

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