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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 Discovers up to 75M Barrels at Valemon Nord
Friday, April 11, 2014 Statoil adds to its Valemon Unit area resources with a discovery of between 20 and 75 million barrels of gas and oil at its Valemon Nord prospect in the North Sea.
Statoil Selects Prime Four Business Park for New UK HQ
Thursday, April 10, 2014 Statoil has agreed a deal for a new 60,000-square foot facility at Prime Four Business Park, five miles west of central Aberdeen, to be its new UK head office.
Statoil to Deploy 14 New Technologies in Canadian Oil Sands Operations
Tuesday, April 08, 2014 Statoil plans to test and deploy over the decade up to 14 new technologies that are designed to reduce energy and water use in its Canadian oil sands operations.
Statoil Starts Up Gudrun Field
Monday, April 07, 2014 Statoil starts up the Gudrun high-temperature, high-pressure oil and gas field in the Norwegian North Sea.
Statoil Spuds Oz-Alpha 1 Exploration Well in EP 104 in South Georgina Basin
Thursday, April 03, 2014 PetroFrontier reveals that drilling is underway at Oz-Alpha 1 well in exploration permit 104 in the South Georgina Basin in Australia's Northern Territory.
Statoil Farms down Angola Pre-Salt Block to Genel
Thursday, April 03, 2014 Statoil farms down a 15% interest in pre-salt block 39, offshore Angola, to a joint venture involving Genel Energy.
Statoil Gets Nod To Take Vale's Stake In Brazil Blocks
Friday, March 28, 2014 Brazil approves Statoil's acquisition of a stake in an offshore oil concession from Vale.
Lundin Successfully Completes 2 Wells on Johan Sverdrup
Thursday, March 27, 2014 Lundin successfully completes 2 wells on the Johan Sverdrup discovery, encountering a 43-foot oil-filled reservoir of late Jurassic Draupne sandstone.
Shell, Statoil, Total, Others Win Myanmar Oil, Gas Exploration Blocks
Wednesday, March 26, 2014 International oil majors including Shell, Statoil, ConocoPhillips and Total win rights to explore for oil and gas off Myanmar, according to the Southeast Asian country's Ministry of Energy.
Norway Giant N.Sea Oil Project Could Face Delay Over Power Plan
Wednesday, March 26, 2014 The giant Johan Sverdrup oilfield in the North Sea may be delayed by a year and cost more than planned if powered from shore.
Statoil Finds Gas near Visund Field in the North Sea
Wednesday, March 19, 2014 Statoil finds recoverable gas equivalent to up to 12.6 million barrels of oil on the northeast flank of the Visund field in the northern North Sea.
OMV Buys Stakes in 4 North Sea Licenses
Wednesday, March 19, 2014 Austria's OMV strengthens its position in the North Sea through the acquisition of four licenses in the West of Shetland area.
Visa Ban on Russian Energy CEOs Could Backfire
Friday, March 14, 2014 A possible ban on visas for the heads of Russia's two biggest energy firms, Rosneft and Gazprom, may hamper their international partnerships but also harm their Western partners and push the two towards the East.
PGS and WesternGeco Win Barents Sea Seismic Work
Tuesday, March 11, 2014 Statoil awards PGS and WesternGeco contracts to acquire 3D seismic data over blocks in the southeastern Barents Sea.
Statoil Comes up Dry with Northern North Sea Well
Monday, March 10, 2014 Statoil drills a dry well north of the Fram field in the northern North Sea.
Statoil Spuds New Appraisal Well over Johan Sverdrup
Tuesday, March 04, 2014 Norway's Statoil begins drilling appraisal well 16/2-19 on the Johan Sverdrup discovery in the North Sea.
Statoil's Zafarani Field Test Successful
Monday, March 03, 2014 Statoil reports that its Zafarani gas reservoir on Block 2, offshore Tanzania, has been successfully tested.
Making the 'Subsea Factory' a Reality
Wednesday, February 26, 2014 Rigzone talks to GE Oil & Gas about its plans to develop subsea equipment that will ultimately be used in the "Subsea Factory" envisaged by Statoil.
Statoil Comes up Dry in North Sea
Friday, February 21, 2014 Norway's Statoil comes up dry with wildcat well 25/9-4 in the central North Sea.
Statoil Suffers New Setback at Arctic Castberg Project
Thursday, February 20, 2014 Norway's Statoil drills another well that disappoints near its Johan Castberg find in the Barents Sea.