Wednesday 10 September 2014

Statoil's Norway Well Prompts a Complaint from Greenpeace - September 10, 2014 - Zacks.com

"According to the Norwegian unit head of Greenpeace, the field's proximity to vulnerable resources such as Bear Island and the ice edge makes the drilling of the well highly risky. However, the impact of Greenpeace's complaint on Pingvin well's operation is still uncertain. This appeal is the fifth one filed by Greenpeace against Statoil's drilling in the Barents Sea.

The latest complaint comes in the wake up sanctions on Rosneft, which owns a 20% stake in license 713 where Pingvin is located, due to Russia's involvement in the conflict in eastern Ukraine. Due to this, the timing of some of Statoil's projects with Rosneft in Russia, regarding onshore and offshore exploration have been adversely affected."

http://www.zacks.com/stock/news/146751/statoils-norway-well-prompts-a-complaint-from-greenpeace



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