Statoil’s US operations includes acreage in the Bakken Shale in North
Dakota, the Marcellus in Pennsylvania and Ohio, and the Eagle Ford
Shale in South Texas.
Schopp acknowledged the challenges of drilling while the price of oil
remains stubbornly around $30/b and he said Statoil was working to cut
costs and achieve efficiency gains with the goal of being profitable at
oil prices of $50/b by 2018.
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