Statoil

Statoil - Den norske stats oljeselskap a.s - is one of the world's largest net sellers of crude oil, and a substantial supplier of natural gas to Europe. It ranks as the biggest retailer of petrol and other oil products in Scandinavia.

The group is the leading player on the Norwegian continental shelf, and has gradually expanded its international upstream operations in recent years.

Statoil's object is, either by itself of through participation in or together with other companies, to carry out exploration, production, transport, refining and marketing of petroleum and petroleum-derived products, as well as other business.

The group is responsible for managing the state's direct financial interest (SDFI) in partnerships engaged in exploration for as well as development, production and transport of oil and gas on the Norwegian continental shelf.

Founded in 1972, Statoil is wholly-owned by the Norwegian state. Net operating revenue for the group in 1998 totalled NOK 107 billion. It had the equivalent of about 18,000 full-time employees at 31 December.

Statoil operates in the following countries:
Norway, Sweden, Denmark, Germany, Poland, Estonia, Latvia, Lithuania, the UK, Ireland, Belgium, France, Russia, Vietnam, Malaysia, Singapore, Azerbaijan, Kazakstan, Angola, Nigeria, the USA, Australia, China and Venezuela.

Address: N-4035
Stavanger,
Norway
Contact: +47 51 99 00 00

www.statoil.com


Recent Articles

EC225LP Helicopters Grounded in UK, Norway after 13 Killed in Crash
Saturday, April 30, 2016 UK Civil Aviation Authority joins Norway in banning EC225LP helicopter flights, as Statoil confirms that employees from Halliburton, Aker Solutions, Schlumberger, Welltec and Karsten Moholt were on the flight.
Fatal Helicopter Crash Offshore Norway, 13 On Board
Friday, April 29, 2016 Statoil confirms that a helicopter carrying its crew from the Gullfaks B oil platform has crashed while en route to the Bergen airport.
European Energy Giants Post Profits in 1Q 2016
Wednesday, April 27, 2016 Statoil and Total both post profits in 1Q 2016, despite continued low oil prices.
Wood Group Secures Statoil Services Contracts across NCS
Monday, April 25, 2016 Wood Group wins 4 subsea contracts with Statoil on the Norwegian Continental Shelf, with the latest award comprising a study to deliver subsea field concept engineering for the Snorre expansion project.
Russia and Norway Use Saudi Oil Strategy in Europe's Gas Market
Thursday, April 21, 2016 Europe is awash with low-priced natural gas, thanks to Russia and Norway using a Saudi-like tactic to hold market share.
OMV Increases Production in 1Q 2016
Thursday, April 21, 2016 OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
Statoil Says to Cut Cost of Castberg Field by Another NOK 4B
Wednesday, April 20, 2016 Norwegian oil major Statoil plans to cut the estimated cost of developing its Arctic Johan Castberg oilfield by another $491.53 million, project director Erik Strand Tellefsen tells an energy conference.
Statoil Looks To The Arctic To Increase Exploration Off Norway
Wednesday, April 20, 2016 Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic.
NPD Grants Statoil Drilling Permit for North Sea Well
Tuesday, April 19, 2016 The Norwegian Petroleum Directorate grants Statoil Petroleum AS a drilling permit for well 30/11-13, located in in the North Sea.
Statoil Launches New Subsea Concept
Tuesday, April 19, 2016 Statoil launches a new subsea concept that is designed to "reduce cost and increase efficiency", according to a company statement.
Statoil, Kongsberg Sign Deal with Eelume to Develop Subsea Technology
Monday, April 18, 2016 Statoil and Kongsberg Maritime sign an agreement with Eelume to accelerate the development of new subsea snake technology.
Statoil And Partners Strike Oil Off Brazil
Monday, April 18, 2016 Statoil and partners Repsol and Petrobras strike oil off the coast of Brazil, in a deepwater offshore Campos Basin.
Europe Based Energy Firms Make Discoveries in Trinidad, Norway
Wednesday, April 13, 2016 Range Resources and Statoil discover oil and gas in Trinidad and Norway, respectively.
Songa Encourage Rig Commences 8-Year Statoil Drilling Contract
Tuesday, April 12, 2016 Songa Encourage (mid-water semisub) commences drilling operations for Statoil as part of an eight year contract with the energy firm on the Norwegian Continental Shelf.
PSA Grants Statoil Consent to Drill 2 North Sea Wells
Thursday, April 07, 2016 Petroleum Safety Authority Norway grants Statoil consent to drill two exploration wells in the North Sea.
Norway's Oil Industry Seeks Cost Cuts from Streamlined Engineering
Thursday, April 07, 2016 Oil firms and their suppliers must redouble cost cutting efforts by standardizing products, according to Norway's energy minister and industry executives.
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
Wednesday, April 06, 2016 The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
Norway To Ramp Up Gas Production Capacity, Eyes Arctic Pipeline
Tuesday, April 05, 2016 Norway plans to increase its gas production capacity and is evaluating the potential for building a pipeline from the Barents Sea to meet future demand in Europe.
Royal Boskalis Awarded Johan Sverdrup Services Contract
Friday, April 01, 2016 Royal Boskalis Westminster N.V. secures a contract by Samsung Heavy Industries for the transportation of topside modules for the Johan Sverdrup project, offshore Norway.
Statoil Extends Drilling Services Contracts, Kicks Off JS Platform Work
Thursday, March 31, 2016 Statoil grants extensions to services contracts previously awarded to Archer, KCA Deutag and Odfjell for drilling services on the NCS and kicks off platform work on the Johan Sverdrup project.