Statoil

StatOil

Assess, feasibility of securing exploration acreage in Gulf of Guinea

Dates: 2004-2008

Consultant to Spinnaker and Norske Hydro on shallow and ultra deep water Gulf of Guinea Exploration acreage. Value of transaction was potentially large but not realized as plans changed when Spinnaker was acquired.

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    Signing Ceremony Houston, Texas
    1992 - British Petroleum Frontier Exploration, Statoil International Exploration, Allied Energy Corporation. Formal signing to establish Joint Venture relationship and drilling program.

    Left to Right:
    A. Rolfe Magne Larsen, Executive Vice President, Statoil International Exploration
    B. Phil H. Nugent, President, Allied Energy Corporation
    C. Sigmund Rodvelt, West Africa Exploration-Production, Statoil International.