- Paying the bills -

Statoil, Petronic Aim to Explore Offshore Nicaragua

NICARAGUA NEWS – Statoil reported Thursday that last week it signed a cooperation agreement with Petronic that will see the two companies find ways to work together in oil and gas activities off Nicaragua’s Pacific coast.

Statoil said that it and Petronic had also sent a request to the Nicaraguan Ministry of Energy and Mines to request the start of exclusive negotiations for concession contracts offshore Nicaragua. The firm said this is a “first step” towards possible exploration activities in the area.

Separately, Geoex International has signed a cooperation agreement with Petronic with the intent to conduct a 2D seismic survey covering an area of 11,900 square miles off Nicaragua’s Pacific coast. However, Statoil is not party to this agreement.

- payin the bills -

Source: Rigzone.com

Related Articles

The US analyzes excluding Nicaragua from CAFTA for exchange with Russian troops

(Los Angeles, California/ San Jose, Costa Rica) The United States analyzes...

The US restricts visas to almost a hundred Nicaraguan officials

TODAY NICARAGUA (Voz de America) The United States Department of State...

MOST READ

- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.