ASIA

Statoil picks new plays

STATOIL has expended its acreage position with a new frontier block offshore Indonesia in the Aru Trough and 14 new licences in the Gulf of Mexico over its Monument prospect.

Haydn Black

The Aru Trough I licence covers some 8300 square kilometres, adjacent to Statoil's existing exploration acreage in the Aru and West Papua IV licences. Statoil will operate the licence with a 100% working...

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