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Providing coverage of Alaska and northern Canada's oil and gas industry
January 2008

Vol. 13, No. 4 Week of January 27, 2008

StatoilHydro to bid in Chukchi sale

According to a Jan. 24 report in BarentsObserver.com, Halvor Engebretsen, general manager of StatoilHydro’s Arctic division has said that StatoilHydro is planning to bid for oil and gas leases in the Chukchi Sea.

The Internet news service said that at the Arctic Frontiers conference in Tromsø StatoilHydro presented its long-term perspective for the Arctic for the first time since the merger of Statoil and Norsk Hydro.

Engebretsen confirmed that one of the first areas for exploration is the Chukchi and that StatoilHydro is planning “to bid for several of these (Chukchi) licenses,” the report said.

The U.S. Minerals Management Service has a Chukchi Sea outer continental shelf lease sale scheduled for Feb. 6.

—Alan Bailey






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