Statoil eyes ‘big’ prize at Australian tight oil project

摘要

Perth—Statoil is hoping to replicate its recent success chasing “big” oil and gas in locations like Canada, Tanzania and Brazil with its tight oil joint venture in the South Georgina Basin in Australia’s Northern Territory. The Norwegian company, which over the past seven years has built a 100,000 b/d shale oil business in the US, was initially disappointed when it came looking for opportunities in Australia, Vice President Exploration Australasia Pal Haremo said Wednesday on the sidelines of the Australian Petroleum Production and Exploration Association’s annual conference in Perth.