Arctic Drilling: Statoil Came Up Empty !

Energy/Environment Latest News Wires

Arctic drilling: Norway’s Statoil comes up empty

Arctic drilling by Norway’s state-controlled Statoil has found no commercial quantities of oil and gas at the northernmost wells it has ever drilled in the Arctic. The year’s arctic drilling campaign ended without any commercial discoveries, Statoil said in a statement Thursday.

By Karl Ritter, Associated Press August 7, 2014

  • close
    A file photo shows the West Hercules drilling rig in the Skaanevik fjord in western Norway. Norway’s government controlled Statoil oil company reported Thursday that it has not found any commercial quantities of oil and gas at the northernmost wells it has drilled in the Arctic region, ending the exploration campaign for this year without indicating if drilling would resume next year.

     

    Statoil/Scanpix/AP/File
    View Caption

Norway‘s Statoil ASA has found no commercial quantities of oil and gas at the northernmost wells it has ever drilled in the Arctic, the government-controlled company said Thursday.

Statoil drilled three exploration wells this summer in the Hoop area of the Barents Sea.

Two of them were the northernmost wells ever drilled on the Norwegian continental shelf, more than 300 kilometers (185 miles) north of the mainland.

Recommended: Fracking. Tight oil. Do you know your energy vocabulary?

Statoil said in a statement this year’s exploration campaign ended without any commercial discoveries. It didn’t say whether drilling would resume next year, only that “exploring for hydrocarbons in the Barents Sea takes time and stamina.”

A Statoil spokesman didn’t immediately return phone calls and an email seeking comment.

Statoil is pushing into Arctic waters amid declining offshore production in the North Sea, prompting protests from environmentalists who fear an oil spill in the remote region could have disastrous consequences for sensitive ecosystems.

Greenpeace activists tried to stop Statoil’s exploration campaign in May when they boarded one of the drilling rigs but were removed by police.

At the time, Statoil said it had robust safety measures in place in the “very unlikely” event of an oil spill.

Both Greenpeace and Norwegian environmentalist group Bellona said they were pleased that Statoil didn’t make any commercial discovery in the Hoop area.


About narhvalur

Environmentalist, Animal Lover, Birder,Equastrian
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s