GLG News Analyses of the following article:

StatoilHydro Halts Investments in Iran in Current Climate

view article

Published at: www.rigzone.com

Michael Lynch, Consultant

Michael LynchConsultantMichael E. Lynch What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Statoil ASA, once StatoilHydro moves on to more reliable projects

November 2, 2009

StatoilHydro announced on Friday that it has no plans for further investment in the Khorramabad block. The company's seismic operations were concluded before 2009. No firm plans exist for drilling a well. The Mehr News Agency has reported that the seismic data verified extensive gas and oil reserves. National Iranian Oil Company owns the block. Anaran field in the Khorramabad block is one of several promising discoveries. U.S. sanctions restrict investment in Iran to $20 million.

Subscribe to Updates

RSS By RSS

Add to Google Reader or Homepage

Subscribe in Bloglines

Work for one of the world's leading organizations? Get started now.

Get Intelligently Connected
with the world's leading experts

GLG's 850+ Clients Include:

More than 70% of the world's leading
mutual funds
15 of the leading 20
global banks
9 of the leading 10
global private equity firms
5 of the leading 10
AmLaw firms
Fortune 500® Companies
in nearly every industry sector, including pharmaceuticals, insurance, chemicals, energy and computer software