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2016-08-02 18:30:00

STATOIL SALES U.S.

STATOIL SALES U.S.

Statoil has agreed a further sale of non-core assets in its US onshore portfolio, the third in the southern Marcellus in the last two years.

In the latest transaction, Statoil will divest some of its non-operated interests in the US state of West Virginia to Antero Resources Corporation ("Antero") for approximately USD 96 million in cash.

This follows the announcement by Antero on 9 June 2016 of the acquisition of Southwestern Energy Company's ("Southwestern") interest in the same assets. Statoil and Antero have agreed on a price…

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Tags: STATOIL, USA
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