BRIEF-Statoil awarded four licences offshore Nicaragua
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)
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