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

Brazil And Mexico Vie for Cash From Oil Explorers in Price Rout
Monday, August 31, 2015 Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts.
NPD Grants Statoil Drilling Permit in North Sea
Thursday, August 27, 2015 The Norwegian Petroleum Directorate grants Statoil Petroleum AS a drilling permit for well 25/11-28, located in the central part of the North Sea in production license 169.
First Phase of Johan Sverdrup Development Approved
Friday, August 21, 2015 The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.
Statoil Installs 1st Piece of the Johan Sverdrup Field Development
Thursday, August 13, 2015 Statoil says the first piece of the Johan Sverdrup field development has been completed with the installation of a 280-ton pre-drilling template.
Mariner A Steel Jacket On its Way to the North Sea
Tuesday, August 11, 2015 Statoil reports that the steel jacket for its Mariner A platform in the UK North Sea is now en route to the Mariner field in the UK North Sea.
Peregrino Field Offshore Brazil Produces 100 Million Barrels of Oil
Tuesday, August 04, 2015 Statoil announces that the Peregrino field in the Campos basin offshore Brazil has produced 100 million barrels of oil, since April 2011.
Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Thursday, July 30, 2015 Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.
Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.
European Majors Reap Benefits of Cost-Cutting Measures
Tuesday, July 28, 2015 Statoil and BP are reaping the benefits of cost cutting across their operations.
OGA Names Final Winners from 28th Offshore Licensing Round
Monday, July 27, 2015 The UK's Oil and Gas Authority announces the remaining winners from the 28th Offshore Licensing Round, which covers 353 blocks on the UK Continental Shelf.
Seeking to Build a Better Proppant
Monday, July 27, 2015 Rigzone follows up with some of the winners of Statoil and GE's first Open Innovation Challenge to reduce the amount of sand proppant used in unconventional operations.
Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.
Statoil and Total E&P Make North Sea Gas, Condensate Discovery
Thursday, July 23, 2015 Statoil makes a gas and condensate discovery in the North Sea's Julius prospect, with the help of its PL146/PL333 partner Total E&P Norge.
Statoil: First Production Well Spuds at Gina Krog
Wednesday, July 22, 2015 Statoil announces that the first production well has been spud at Gina Krog, just eight days after the Maersk Integrator (492' ILC) drilling rig arrived at the North Sea field.
Statoil, GE Unveil Winners of First Open Innovation Challenge
Wednesday, July 22, 2015 Statoil and GE unveil winners of first Open Innovation Challenge to find solutions for reducing sand use in unconventional operations.
Total Starts Production from Dalia Phase 1A Offshore Angola
Tuesday, July 21, 2015 Total starts production from Dalia Phase 1A, a new development on the offshore operated Block 17, located 83 miles off the coast of Angola.
Technip Wins TAP Pipeline Project Management Work
Tuesday, July 21, 2015 France's Technip wins a project management consultancy contract for the Trans Adriatic Pipeline.
Statoil To Start World's First Subsea Gas Compressor In September
Friday, July 17, 2015 Norway's Statoil plans to commission in September the world's first subsea gas compression facility, a technology that could prove significant for oil companies as they seek to move offshore equipment to the seabed, away from ice and storms.
Det Norske to Appeal Sverdrup Oilfield Ownership, 2Q Earnings Lag
Wednesday, July 15, 2015 Norway's Det norske oljeselskap plans to appeal a government decisions giving it a smaller stake in the giant Johan Sverdrup oilfield.
Rosneft, Statoil Complete Drilling on North-Komsomolskoye Pilot Project
Tuesday, July 14, 2015 Rosneft and Statoil complete drilling works for the pilot project on the PK1 layer of the North-Komsomolskoye field, onshore Russia.