The firm will operate five licenses offshore Newfoundland while other partners include ExxonMobil BP and BG.
Chevron operates the sixth license, and partners with Statoil and BG.
Located in an area which is close to the Bay du Nord discovery operated by Statoil, the Newfoundland licenses cover an area totaling 1,466,918ha.
The licenses include NL15-01-02, NL15-01-05, NL15-01-06, NL15-01-07, NL15-01-08, and NL15-01-09.
Covering an area totaling 650,000ha, the Nova Scotia licenses which include NS15-1 Parcels 1 and 2, are located about 250km from Halifax.
Statoil exploration executive vice-president Tim Dodson said: "The successful bids in these frontier areas offshore Canada are in line with Statoil’s strategy of deepening our position in prolific basins and securing access at scale, while also adding important optionality to our exploration portfolio.
"The significant exploration investment offshore Newfoundland will provide Statoil an opportunity to further advance our established exploration position in this region through a step-wise approach, while in Nova Scotia, we are able to apply the exploration knowledge and experience we have gained globally and in the North Atlantic specifically."
The latest licenses awarded are located in an area close to Statoil’s previous discoveries in the Flemish Pass Basin.
An 18-month exploration drilling program was undertake by Statoil in the Flemish Pass starting in 2014 in order to appraise the Bay du Nord discovery and test new prospects in the greater Basin area.
Statoil holds 65% interest in Bay du Nord while the remaining 35% interest is held by Husky Energy.
Image: Statoil exploration executive vice-president Tim Dodson. Photo: courtesy of Ole Jørgen Bratland./Statoil.
