Statoil said it has agreed to divest its operated properties in the Marcellus shale for $407million.
The company said the divestment of non-core assets comprises 62,500 acres.
The deal is expected to close in July this year.
Equity production from the properties in Q1 2016 was c.9,300 boe per day.
Statoil said it retains its operated properties in the US state of Ohio and its non-operated Marcellus positions.
Earlier today Statoil said it has entered into an agreement with Lundin Petroleum to divest its 15% interest in the Edvard Grieg field for an increased shareholding in the company.