"We have a lot of capacity and access to the U.S. market," he said. "What we need now is the gas."
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Statoil Intends to Enter US Gas Market
Statoil announced will start this year drilling its first exploration well at the
Statoil announced will start this year drilling its first exploration well at the Deltana natural gas field offshore Venezuela.
Statoil is likely to seek a minority partner in the future if the field proves commercially viable. The company?s executive said the Statoil expects to spend $60 million in the exploration phase, which includes a total of three wells.
He said the company plans to enter US natural gas market, where the company has a stake in a regassification plant along the East Coast.
"We have a lot of capacity and access to the U.S. market," he said. "What we need now is the gas."
"We have a lot of capacity and access to the U.S. market," he said. "What we need now is the gas."
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