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: Forusbeen 50
Box 8500
Stavanger, NO-4035
Norway
Contact: +47 51 99 00 00

www.statoil.com


Recent Articles

Big Oil Back On The Acquisition Trail As Outlook Brightens
Thursday, January 19, 2017 The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves.
Oil, Gas Firms Make Global 100 Most Sustainable Corporations List
Thursday, January 19, 2017 Ten oil and gas related companies have made Corporate Knights' 2017 Global 100 Most Sustainable Corporations list.
Eni: Oil, Gas Discovery in Norwegian Sea
Tuesday, January 17, 2017 Eni announces that a new oil and gas discovery has been made within the PL128/128D licenses in the Norwegian Sea.
Utgard, Byrding Field Development Plans Approved
Tuesday, January 17, 2017 The plan for development and operation for the Utgard and Byrding fields in the North Sea has been approved by the authorities.
Norway Awards 56 Oil And Gas Licences In Mature Areas
Tuesday, January 17, 2017 Norway's oil ministry awarded 56 offshore exploration licences on Tuesday in a bid to lift output from acreage located near existing oil and gas fields.
Statoil May Stop Drilling In US Gulf Of Mexico
Friday, January 06, 2017 Statoil is considering whether to end its costly search for oil and gas in the U.S. Gulf of Mexico.
Statoil to Drill Around 30 Exploration Wells in 2017
Wednesday, January 04, 2017 Statoil announces that it plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to last year.
Statoil Increases Byrding Project Interest
Tuesday, January 03, 2017 Statoil announced Tuesday that it has completed a transaction to acquire a 24% interest in the Byrding project, located on the Norwegian Continental Shelf, from Wintershall Norge.
Statoil Granted Consent to Drill Mim Prospect
Wednesday, December 28, 2016 Statoil has been granted consent to drill exploration well 6507/3-12 in the Norwegian Sea, in a prospect named Mim.
SOCAR, AIOC Agree to Develop ACG Field
Friday, December 23, 2016 SOCAR and AIOC sign a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field, in the Azerbaijan sector of the Caspian Sea.
Gullfaks Field Hits 2.6 Billion Barrel Mark
Thursday, December 22, 2016 Statoil revealed Thursday that the Gullfaks field offshore Norway has produced 2.6 billion barrels of oil have since production started on December 22, 1986.
Norwegian Unions Call for Super Puma Ban to be Maintained
Thursday, December 22, 2016 Several Norwegian offshore unions are calling for a ban on Super Puma EC225LP and AS332L2 helicopters to be maintained, following a fatal crash in April which killed 13 people.
Statoil Granted North Sea Drilling Permit by NPD
Wednesday, December 21, 2016 The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 16/2-22 S, located offshore Norway.
Statoil Says October Gas Terminal Accident Nearly Killed Staff
Wednesday, December 21, 2016 An accident at Statoil's Sture gas terminal in October, where 5 people were injured, was highly serious and almost resulted in fatalities, the Norwegian oil major said on Wednesday.
Troll B Has up to 10 Years of Oil Producing Life Left
Tuesday, December 20, 2016 The Troll B platform in the North Sea still has another 8 to 10 years of oil producing life, according to a statement from Statoil.
Statoil Awards Aibel Snorre FEED Study
Friday, December 16, 2016 Statoil has awarded Aibel a FEED study for modifications on the Snorre A platform in connection with the Snorre Expansion project.
Statoil to Divest 100%-Owned KKD Oil Sands Projects
Thursday, December 15, 2016 Statoil has signed an agreement to divest its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation.
Petroleum Sector Collaboration in Norway Under Great Pressure
Tuesday, December 13, 2016 Collaboration within the Norwegian Continental Shelf among a variety of oil and gas entities is under great pressure, according to Ingvill H. Foss, director of supervisory activities at Petroleumstilsynet.
Statoil to Stop Using H225 Helicopter Variant Involved in Crash
Tuesday, December 06, 2016 Statoil will not resume using Airbus' Super Puma helicopters even if Norway's Civil Aviation Authority decides to lift the ban imposed after a fatal crash off Norway in April.
Statoil CEO Sees Oil Market Rebalancing Sooner, Price Heading Towards $60
Tuesday, December 06, 2016 The balance between demand and supply in the oil market will shift earlier than previously expected due to OPEC's output cuts, Statoil's chief executive says.