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/