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Statoil completes divestment of Marcellus assets

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LNG Industry,

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

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