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johnsyn

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johnsyn

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Tuesday, 06/19/2012 10:08:53 AM

Tuesday, June 19, 2012 10:08:53 AM

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9:29 AM Statoil (STO) says it has lifted the steel jacket into position on the North Sea Valemon field, which is expected to come on stream in Q4 2014. At peak, Valemon is expected to produce ~86K boe/day; estimated recoverable reserves are ~210M barrels of oil equivalents. SEEKING ALPHA
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