POST Online Media Lite Edition


Statoil closes office in Anchorage, exits Alaska

Staff writer |
Statoil is optimising its exploration portfolio and has decided to exit Alaska following recent exploration results in neighbouring leases.

Article continues below

Statoil is committed to optimising its portfolio, strengthening financial performance, and positioning for long-term value.

The leases in the Chukchi Sea are no longer considered competitive within Statoil’s global portfolio, so the decision has been made to exit the leases and close the office in Anchorage, Alaska.

The decision means Statoil will exit 16 Statoil-operated leases, and its stake in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. The leases were awarded in the 2008 lease sale in Alaska and expire in 2020.

The studies, research and activities which have taken place in Alaska, have given the company significant skills and expertise that can be leveraged in other opportunities in northern environments in the future.

What to read next

Alaska Airlines moves forward with $40 million facility in Anchorage
Granite gets $20 million for Anchorage International Airport
Statoil awards contracts for support services