Statoil quits frontier blocks

JUST days after its partner in the Great Australian Bight left it in the lurch, Norway's Statoil has quit a separate rank wildcat area, telling Energy News there is little hope of making significant hydrocarbon discoveries.

17 October 2016
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Despite geological similarities with the Taranaki Basin and suggestions the adjacent Reinga Basin should be prospective, on Friday Statoil said that the probability of a commercial discovery was too

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