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Statoil pulls out of Alaska

The Norwegian oil company is halting its activities in the Chukchi Sea off the coast of Alaska and is closing its office in Anchorage. It is not worthwhile to develop the assets in light of the difficult market outlook, says Statoil.

Johan Sverdrup i Nordsøen | Photo: Statoil

The low oil price and the hard-pressed investment environment have pushed Statoil to drop its activities in Alaska.

Statoil has been present in the Chukchi Sea off Alaska's west coast since 2008, engaged in a range of activities. But the company's involvement in the country is now drawing to a close, writes the company in a press release on Wednesday.

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