Statoil and Chevron to investigate hydrocarbons in the Barents Sea

Publish date: November 21, 2005

Norwegian Statoil ASA and Chevron Norge AS (a part of Chevron Upstream Europe) have agreed to joint work in the Barents Sea.

The two companies signed an agreement on a “region of join interests.” Under this agreement the companies will combine their efforts in hydrocarbon reserve investigation in particular parts of the Barents Sea, RusEnergy reports. The companies will also share experience in technologies involving liquid natural gas production.

Both companies made a joint application in a Norwegian tender for one of the sea block’s development.