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Statoil To Proceed With $620M North Sea Gas Development

By Igor Kossov (December 16, 2014, 3:29 PM EST) -- Norway's Statoil said Tuesday that it will invest $4.6 billion kroner (about $620 million) in the Gullfaks Rimfaksdalen gas field in the North Sea, extending the production from its existing platform in the area, hoping to sell gas and condensates on European markets....

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