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Norwayrsquo state-owned oil major Statoil is closing its Alaska operations and will abandon its exploration and drilling leases in the Chukchi Sea north of the Bering Strait because work there is no longer considered competitive within Statoilrsquo global portfolio.Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out, but given the current outlook we could not support continued efforts to mature these opportunities, Tim Dodson, executive vice president for exploration in Statoil, was quoted as saying on Statoilrsquo website, posted on Tuesday.The site said Statoil will exit 16 leases that the company operates as well as its minority shares in 50 leases operated by ConocoPhillips, all in the Chukchi Sea. All 66 leases were awarded in 2008 and expire in 2020.Related:Why French Military Action In Syria Doesnrsquo;t Affect Oil PricesStatoilrsquo decision marks the second withdrawal of a major energy company from the Alaskan Arctic this year. In Sep <a href=https://www.adidas-samba-adidas.fr>adidas samba adidas</a> tember, after withstanding months of protests, Royal Dutch Shell abandoned its exploration of the Chukchi Sea. The Anglo-Dutch concern said it was disappointed in the results from its exploratory drill <a href=https://www.af1.it>af1</a> ing.Statoil acquired interest in the Chukchi leases for $23 million. Shell had spent $2.1 billion for its right to drill in the sea.The withd <a href=https://www.adidasoriginal.de>adidas originals</a> rawal of Statoil from Alaska is part of an industry-wide effort to cut costs in the face of persistently low oil prices Wxok 33% Of All UK Exporters To EU Vanish Due To Brexit-Related Red Tape
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