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

Norway Decides on Johan Sverdrup Ownership Interests
Thursday, July 02, 2015 The Norwegian government decides on how the Johan Sverdrup field will be split among its five owners.
DSME Delivers Songa Equinox Semisub, Newbuild to Work for Statoil in 4Q15
Wednesday, July 01, 2015 Songa Offshore takes delivery of newbuild Songa Equinox from Daewoo Shipbuilding & Marine Engineering in South Korea and the semisub will soon head for Norway to work for Statoil at the Troll field.
Statoil to Suspend Saipem Rig Contract
Wednesday, July 01, 2015 Norway's Statoil will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio.
Statoil Finds Oil, Gas near Gina Krog Field in the North Sea
Wednesday, July 01, 2015 Statoil makes a minor oil and gas discovery near the Gina Krog field in the Norwegian North Sea.
Statoil Submits Amended Development Plan for Gullfaks Area
Tuesday, June 30, 2015 Statoil submits an amendment to its plan to develop Phase One of the Shetland/Lista development in the Gullfaks license area to the Norwegian government.
Statoil Streamlines Operating Model, Seeks Cost Efficiency
Thursday, June 25, 2015 Statoil announces that it will streamline its operating model in order to become more cost efficient and fit for the future.
Statoil Cancels China Oilfield Services Rig Contract
Wednesday, June 24, 2015 Statoil cancels a rig contract with China Oilfield Services 13 months ahead of the expiry date, blaming overcapacity in its rig portfolio.
Lundin Spuds 16/4-9 S Exploration Well in North Sea
Wednesday, June 17, 2015 Lundin Petroleum announces that its wholly owned subsidiary, Lundin Norway, has spud the 16/4-9 S exploration well on the Luno II North prospect, located in the North Sea.
ASCO Secures North Sea Services Contract with Marathon Oil
Wednesday, June 17, 2015 ASCO secures a services contract for work in the North Sea with Marathon Oil UK, which is worth more than $75 million.
Statoil contributes $1.5 billion to UK Supply Chain
Wednesday, June 17, 2015 Contracts awarded by Statoil to the UK supply chain have surpassed $1.5 billion, Statoil Production UK's Managing Director Gunnar Breivik confirmed Wednesday.
Statoil Confirms 1,500 Potential Job Losses by 2016
Tuesday, June 16, 2015 Statoil announces that up to 1,500 employees and more than 500 consultants could be released by the end of 2016, confirming Dagens Naeringsliv's report last Friday.
Odfjell Drilling Wins North Sea Contracts Worth up to $1.04 Billion
Monday, June 15, 2015 Statoil awards rig firm Odfjell Drilling contracts worth up to $1.04 billion for work on the giant Johan Sverdrup field in the North Sea.
In Amenas Gas Plant Attack Mastermind Killed in US Air Strike
Monday, June 15, 2015 An Islamist militant who organized the deadly attack on the In Amenas gas plant in 2013, which killed 39 foreign energy workers, has been killed in a targeted air strike, according to reports.
More Than 2,000 Potential Job Losses in Norway by 2016
Friday, June 12, 2015 Statoil and Aker Solutions could potentially lay off 2,200 employees by the end of 2016 due to cost cutting operations.
Cubility Wins Multimillion Dollar Deal to Supply 'MudCube' to Statoil
Friday, June 12, 2015 Drilling efficiency firm Cubility signs a multimillion dollar deal to supply its MudCube solution to Statoil's Johan Sverdrup field.
Statoil Makes Small Gas Find Near Aasta Hansteen Field
Tuesday, June 09, 2015 Norwegian energy firm Statoil makes a small gas discovery near the Aasta Hansteen field in the Norwegian Sea, the Norwegian Petroleum Directorate said on Tuesday.
Module Installation for Asgard Subsea Gas Compression Begins
Tuesday, June 09, 2015 Statoil begins the installation of modules for its Asgard field's subsea gas compression system.
Kvaerner, KBR Win Topside Contract for Johan Sverdrup Platform
Monday, June 08, 2015 Statoil signs a deal with Kvaerner and KBR for the construction of the topside for a utility and living quarters platform for the Johan Sverdrup field.
Statoil CEO Says Sees Signs of Gas Demand Recovery in Europe
Tuesday, June 02, 2015 Norwegian energy firm Statoil sees some signs of gas demand in Europe recovering after years of decline.
Europe's Top Oil Firms Jointly Call for Carbon Pricing
Monday, June 01, 2015 Europe's top oil and gas firms urge governments around the world to introduce a pricing system for carbon emissions.