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Statoil leaves Bahamas in the lurch

STATOIL has discontinued its joint licence development agreement with Bahamas Petroleum.

Andrew Snelling
Statoil leaves Bahamas in the lurch

The three licence areas, located in the Bahamas, include Zapata, Falcones and Islamorada, which will revert to 100% ownership for Bahamas Petroleum. Statoil has cited a significant slew of exploration...

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