In October 2014 Statoil was awarded 100% equity share in a large exploration permit located in the prolific Northern Carnarvon Basin on the Northwest shelf of Australia.
This page is available in English only
The permit WA-506-P covers an area of more than 13,000 square kilometres, situated 300 kilometres off Western Australia in water depths of 1,500—2,000 metres.
In June 2015 we completed our first offshore operation in Australia conducting a multibeam survey and piston coring programme in the permit.
We also participated in a multi-client 3D seismic survey which recorded 4,000 square kilometres of data over WA-506-P. We are currently analysing the data and will make a decision on whether to proceed with an exploration well by Q3 2017.
In 2013 we acquired a 30% equity share of four BP-operated exploration licences off the coast of South Australia. The licences (EPP 37, 38, 39 and 40) are located in the frontier Ceduna Sub Basin within the Great Australian Bight, and cover more than 24,000 square kilometres of acreage.
BP has completed a 12,000 square-kilometre 3D seismic survey in the licence area.
Onshore programme completed
In 2012 we acquired an interest in the four exploration permits 103, 104, 127 and 128 in the South Georgina Basin in Australia's Northern Territory through a joint venture project with PetroFrontier Corporation, and became operator from September 2013.
The exploration programme was completed in 2014 and included acquisition of 2D seismic data and drilling of five wells.
Based on the data collected, we decided to withdraw from further activities in the licence area. The onshore licences were relinquished in 2016.