- Optimistic Arctic resource estimates
- Intensified exploration drilling; only one field ‘under development’ and four ‘planned’
- Long lead time due to high costs and uncertain resource estimates
- Large-scale investment already funnelled into Arctic exploration, Statoil is considering commissioning “CAT-I” drillship
- However, drilling programs have been put on hold due to costs and environmental risks
by Alexander Wilk // 20 September, 2013
← Back to Blog