BRIEF-Statoil awarded four licences offshore Nicaragua

viernes 29 de mayo de 2015 02:25 GYT

May 29 (Reuters) - Statoil Asa :

* Says has been awarded four licences offshore Nicaragua

* Statoil will be the 85 percent equity with Empresa Nicaraguense del Petroleo (Petronic) participating with remaining equity

* The licence awards represent a country entry for Statoil into Nicaragua

* The initial work commitments during the first exploration phase of 2 1/ 2 years include re-processing of 2D seismic, acquisition of new 2D seismic data and geology and geophysics (G&G) studies Further company coverage: (Reporting By Stine Jacobsen)