Statoil ASA, Norway’s biggest oil and gas producer, won’t participate in Iraq’s bidding round for gas fields, spokesman Baard Glad Pedersen said on the phone today.
“Our focus now is to develop West Qurna 2, one of the world’s biggest oil fields, with Lukoil and we don’t plan to participate in the licensing round for gas fields next week,” Glad Pedersen said in a subsequent e-mail.
Statoil is among the 13 companies prequalified by the Iraqi authorities to participate in the country’s third petroleum licensing auction. The three fields offered in the licensing round hold combined reserves of more than 11 trillion cubic feet. The Stavanger-based company won rights in December to develop Iraq’s West Qurna field with OAO Lukoil.
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