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The
two firms each hold 50-percent stakes in all the acreage.
Statoil will have four operatorships, while ExxonMobil will have
the remaining two.
Work on the licenses is for the time being limited to carrying
out seismic surveys during 2016 and 2017, with the option to
drill at a later stage depending on the analysis of the data,
Statoil said.
"This supports Statoil's exploration strategy of early access at
scale and enables us to apply the exploration knowledge and
experience we have gained globally and specifically on the
conjugate margin offshore Newfoundland," the company added.
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
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