| Statoil Awarded New Exploration License Offshore Indonesia - Analyst Blog | |
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Norwegian major Statoil ASA STO has expanded its presence offshore Indonesia with a new awarded exploration license which it will fully own and operate.
The new license, the Aru Trough I, covers an area of about 8,300 square kilometers and is located near Statoil’s existing exploration acreage in the Aru and West Papua IV licenses.
Statoil’s plan is to collect seismic data during the first three years of the exploration period. This will help the company in taking a decision on the next steps in the license. The company operates in all major hydrocarbon-producing regions of the world, with emphasis on the Norwegian Continental Shelf (NCS). We believe that Statoil is well positioned to sustain its production growth over the next few years on the back of its large resource base at the NCS.
Recently, Statoil delivered strong exploration results by making several high impact discoveries, which have added significantly to its resource base. The latest finds give the company access to the new regions of Norway, Russia, Azerbaijan, Tanzania as well as Australia, paving way for long-term growth.
Statoil aims to achieve equity production of above 2.5 million barrels of oil equivalent in 2020. The growth is expected to come from new projects during 2014–2016 that would result in a compound annual growth rate (CAGR) of 2–3% for the period between 2012 and 2016. The second stream of projects is expected within the 2016−2020 period that would likely lead to a CAGR of 3–4%. The state-controlled explorer intends to invest about $20 billion per year from 2014 to 2016, down 8% from the earlier estimate. The lower investment plans reflect increased capital efficiency.
Statoil currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the oil and gas sector are Valero Energy Partners L.P. VLP, Ferrellgas Partners, L.P FGP and Hallador Energy Company HNRG. Each of these stocks sports a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STATOIL ASA-ADR (STO): Free Stock Analysis Report FERRELLGAS -LP (FGP): Free Stock Analysis Report HALLADOR ENERGY (HNRG): Free Stock Analysis Report VALERO EGY PTNR (VLP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Ferrellgas
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CODE : FGP |
ISIN : US3152931008 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Ferrellgas est une société de production minière basée aux Etats-Unis D'Amerique. Ferrellgas est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 31,1 millions US$ (28,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 09 janvier 2009 à 9,98 US$, et son plus bas niveau récent le 10 janvier 2020 à 0,20 US$. Ferrellgas possède 97 152 665 actions en circulation. |