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Friday, 06/15/2012 12:57:38 PM

Friday, June 15, 2012 12:57:38 PM

Post# of 210
11:07 AM Norway's Statoil (STO +2.4%) and its partners, including ExxonMobil (XOM), submit formal development plans to the Norwegian authorities for the North Sea Svalin oil and gas field, with the aim of producing 100K boe by 2014. Recoverable resources are estimated at 75M boe.