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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
Contact: +47 51 99 00 00

Recent Articles

Statoil Cut 1,000 Jobs during 2Q
Friday, July 25, 2014 Statoil reduces its headcount by around 1,000 employees and may cut up to 400 more positions.
Baraka Resolves Dispute Over 2 Exploration Permits in Georgina Basin in NT
Thursday, July 24, 2014 Baraka Energy & Resources resolves dispute with partners over two exploration permits in Georgina Basin, Northern Territory, Australia.
PetroFrontier Updates on Exploration Activities in Northern Territory
Wednesday, July 23, 2014 PetroFrontier updates on exploration activities under the 2014 work program and budget in Northern Territory, Australia.
Statoil Resumes Production at Njord A Platform
Monday, July 21, 2014 Statoil resumes production at the Njord A platform in the Norwegian Sea after a year.
Collision Halts Statoil Oseberg East Platform, Restart Seen Thursday
Thursday, July 10, 2014 Statoil shuts its Oseberg East oil platform after a collision with a supply vessel.
Statoil Commences Drilling at OzEpsilon-1 Well in Georgina Basin in NT
Wednesday, July 09, 2014 Statoil commences drilling at OzEpsilon-1 well in exploration permit 128 in the Georgina Basin in Australia's Northern Territory.
Technip Wins Subsea Services Deal with Statoil, Exxon and Gassco
Tuesday, July 08, 2014 Oilfield services firm Technip wins a new multi-region subsea services deal with Statoil, ExxonMobil and Gassco.
Aker Acts to Find Work for more than 200 Employees amid Slowdown
Monday, July 07, 2014 Aker is trying to find roles for more than 200 of its employees amid a slowdown in the country's offshore maintenance and modifications market.
Statoil Sees More Oil Recovered At N. Sea Oseberg East Field
Thursday, July 03, 2014 Statoil expects to increase oil recovery rate from Oseberg East field with a new drilling campaign, the company says.
New ND Flaring Regs Make Statoil's Nat Gas Container System Timely
Wednesday, July 02, 2014 Statoil's new container system for capturing natural gas will help reduce flaring in the Bakken just when more restrictive flaring rules go into effect.
NPD: Exploration on NCS Remains 'Vigorous'
Tuesday, July 01, 2014 Exploration activity on the Norwegian Continental Shelf remains vigorous, with 13 new discoveries being made this year, according to the Norwegian Petroleum Directorate.
Statoil Postpones Decision on Castberg Field Development
Monday, June 30, 2014 Statoil postpones a decision on the development concept for its flagship Johan Castberg Arctic oil project until summer 2015.
Norway's Kollsnes Gas Plant Output Drops Due to Supply Problems
Sunday, June 29, 2014 Norway's key gas processing plant, Kollsnes, more than halves its output Sunday due to problems with gas supplies.
Source: Foreign Oil Workers Return to Work at Algeria's In Amenas Gas Plant
Saturday, June 28, 2014 Foreign oil workers return to work at Algeria's In Amenas gas plant almost 18 months after the Islamist terrorist attack there that killed 40 people.
Statoil Spuds OzDelta-1 Well in EP 128 in NT's Southern Georgina Basin
Wednesday, June 25, 2014 Statoil spuds OzDelta-1 well in exploration permit 128 in the Southern Georgina Basin in Australia's Northern Territory.
Lundin Spuds Luno II Appraisal Well
Monday, June 23, 2014 Lundin Petroleum begins drilling an appraisal well on the Luno II discovery in the Norwegian North Sea.
Statoil Hits Dry Well Off Norway
Friday, June 20, 2014 Statoil hits a dry well in the Barents Sea offshore Norway, the Norwegian Petroleum Directorate reports.
Norway To Retain Stake In Statoil, Trim Telenor
Friday, June 20, 2014 Norway's government will retain its current holding in oil and gas firm Statoil, changing its mind about a pre-election proposal to cut its stake to around 50%.
North West Shelf LNG Tender Goes to BG, Itochu and Statoil
Thursday, June 19, 2014 North West Shelf liquefied natural gas export plant awards cargo to BG Group, Itochu and Statoil as part of a tender.
COSL, Statoil Reach Settlement on Dispute Over Stand-by Fees for 2 Semisubs
Wednesday, June 18, 2014 China Oilfield Services Limited reaches settlement with Statoil concerning a dispute related to stand-by fees of two semisubs.