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Statoil Becomes Operator In The Marcellus Through Acquisition Of Liquid Rich Acreage

To help ensuring a safe and efficient transfer of operatorship, the sellers will over a period of time provide transition operating services.

The transaction was closed 18 December 2012, with 1 September 2012 as the effective date.



Statoil is an international energy company with operations in 37 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges. More information on www.statoil.com.

Contact: Ola Morten Aanestad, vice president, North America communicationMobile: +1 713 498 0585 E-mail: oaan@statoil.com 

(Photo: http://photos.prnewswire.com/prnh/20121219/DA32402)

(Logo: http://photos.prnewswire.com/prnh/20101006/STATOILLOGO)

SOURCE Statoil

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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