We have been operating safely in Australia since 2013 as part of our global exploration strategy. We are currently operator for 2 exploration permits in the Great Australian Bight.
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GREAT AUSTRALIAN BIGHT
Statoil entered the Great Australian Bight as a partner with BP in four offshore exploration permits. In June 2017 Statoil became operator and 100% equity owner in two of these exploration permits, EPP39 and EPP40. The two licences comprise approximately 12,000 square kilometres of acreage and it is a condition of EPP39 that one exploration well is drilled before the end of permit year three. Statoil will take the necessary time to prepare for safe operations, in consultation with relevant stakeholders and under regulatory oversight.
Read more about our exploration project in the Great Australian Bight further down.
How to contact us in Australia
Statoil’s exploration project in the Great Australian Bight
In June 2017 Statoil became operator and 100% equity interest holder in exploration permits EPP39 and EPP40. The licences comprise approximately 12,000 square kilometres of acreage and offer a high-impact exploration opportunity in a frontier setting.
EPP39 includes the Stromlo-1 prospect, a well candidate with high impact potential, while EPP40 represents upside exploration potential.
In accordance with the conditions of the exploration permit, Statoil will drill one well within October 2019. We are now preparing for safe operations, in consultation with relevant stakeholders and under National Offshore Petroleum Safety and Environmental Management Authority's (NOPSEMA) regulatory oversight.
As the world’s leading deep-water operator, we will use our 40 years of experience in successfully operating alongside other maritime industries in the harsh offshore environment of Norway.
Vice president for Exploration Pål Haremo about the opportunity in the Great Australian Bight.
Country manager for Australia Jacques-Etienne Michel about Statoil as a responsible operator.
The Statoil way
The way we work is as important as the goals we achieve. We believe that competitive returns for our shareholders are best achieved through a values-based performance culture, stringent ethical requirements and a code of conduct which promotes personal integrity.
We set absolute requirements for health, safety and the environment (HSE). We aim to meet the demand for energy which is necessary for further economic and social development, while showing consideration for the environment and making an active effort to fight global climate change.
Safe and efficient operations are our first priority. We have won great renown for our technical safety monitoring system and our safe behaviour programme. We are convinced that all accidents can be avoided, and our goal is always to achieve zero personal injuries. We emphasise continuous work for an improved HSE performance in all our activities.
We focus on contributing to sustainable development via our core activities in the countries in which we operate. We are committed to openness and anti-corruption work, and to respect for human rights and employee rights. That applies both to our own activities and to those parts of the value chain over which we have significant influence.