Statoil, ExxonMobil form Gulf of Mexico pact

Aug. 23, 2005
Statoil ASA and ExxonMobil Corp. have entered a Gulf of Mexico exploration agreement and plan to drill, with partners, one or more exploratory wells in the Alaminos Canyon area.

By OGJ editors
HOUSTON, Aug. 23 -- Statoil ASA and ExxonMobil Corp. have entered a Gulf of Mexico exploration agreement and plan to drill, with partners, one or more exploratory wells in the Alaminos Canyon area.

Separately, the companies are jointly evaluating acreage in the Walker Ridge area, on trend with the Jack and St. Malo discoveries in which Statoil holds equity interests (OGJ Online, Apr. 28, 2005).