Statoil Exits Alaska Operations
November 17 2015 - 09:50AM
Dow Jones News
By Rory Gallivan
LONDON--Norwegian oil group Statoil ASA (STL.OS) is exiting its
Alaskan operations and closing its office in the state's capital
Anchorage.
"Solid work has been carried out, but given the current outlook
we could not support continued efforts to mature these
opportunities," said Tim Dodson, Statoil's executive vice president
for exploration.
The decision means Statoil will exit 16 Statoil-operated leases,
and its stake in 50 leases operated by ConocoPhillips (COP), all in
the Chukchi Sea.
The leases were awarded in the 2008 lease sale in Alaska and
expire in 2020.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 17, 2015 09:35 ET (14:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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