Statoil buys deepwater acreage offshore ColombiaStaff writer ▼ | September 5, 2014
Statoil ASA has signed farm-in agreements with Repsol for deepwater licenses offshore Colombia.
Offshore Colombia Farm-in agreements with Repsol
Repsol retains a 20% stake of the license after farming down 10% to Statoil. Ecopetrol holds the remaining 30%.
Statoil also acquired a 20% equity stake in the Guajira offshore 1 license (GUA OFF-1), which is operated by Repsol (30%). The remaining 50% is held by Ecopetrol. The license spans 12,200 sq km (4,710 sq mi) and is located in water depths of 4,921 to 11,483 ft (1,500 to 3,500 m).
Repsol has acquired a 2D seismic survey in the license area, and is expected to start a 3D seismic survey later this year. ■