Statoil completes divestment of Marcellus assets
Published by Angharad Lock,
Digital Assistant Editor
Oilfield Technology,
Statoil and EQT Corp. have completed their transaction, whereby Statoil has sold its non-core operated assets in the US state of West Virginia to EQT Corp.
The transaction covers approximately 62 500 ha.
Equity production from the properties in 1Q16 was 9300 boe/d.
Statoil retains its operated properties in the US state of Ohio and its non-operated Marcellus positions.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/exploration/11072016/statoil-completes-divestment-of-marcellus-assets-2755/
You might also like
New commercial oil discoveries in Brage Field, Norway
Rex International Holding Ltd, together with its subsidiaries, is pleased to share that new commercial oil discoveries have been made in the Talisker exploration well in the Brage Field, in which Rex’s indirect subsidiary Lime Petroleum AS (LPA) holds a 33.8434% interest.