Statoil now operates half of the company’s Eagle Ford venture. The company has almost three years of experience in the play, but did not operate a rig in the area until April of this year.
Since the first quarter, Talisman, Statoil’s partner, has been transferring 50% of the JV’s operations to the Norwegian company.
The Talisman – Statoil Eagle Ford JV has been active in South Texas for almost three years. When the JV was first agreed it was understood Statoil would begin to operate 50% of the venture at some point. [Read more…]