Since that time, the company has expanded into the Eagle Ford shale and Bakken tight oil play, with an emphasis both on operating its properties and achieving solid economic returns rather than simply transferring technology.
The company had originally aimed to become a US gas supplier through liquefied natural gas shipments from Norway, a plan that fell through as the region developed its own gas resources, but Statoil has still established itself as a major player in the US gas market through its shale operations.
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