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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

Pingvin Well Finds Gas in Barents Sea
Friday, September 19, 2014 North Energy reports that the Pingvin exploration well on Norwegian production license 713 in the Barents Sea has found gas in a sandstone reservoir.
Statoil to Lay up COSL Pioneer Rig for Short Time
Thursday, September 18, 2014 Statoil plans to lay up the COSL Pioneer rig during 4Q 2014, but says taking the rig out of operation for a short time will have no impact on its drilling plans.
Statoil Sells Norway Assets to Wintershall
Friday, September 12, 2014 Statoil farms down its Aasta Hansteen, Asterix and Polarled fields, while exiting its Vega and Gjoa fields in order to increase "flexibility".
Statoil, Petronic Aim to Explore Offshore Nicaragua
Thursday, September 11, 2014 Norway's Statoil signs a deal with local firm Petronic in order to find ways to explore for oil and gas off Nicaragua's Pacific coast.
Odfjell Secures New Well Services Contracts
Wednesday, September 10, 2014 Odfjell says it has secured $250 million of well services contracts during the past six months, including a new deal with Statoil for tubular running services and rental services.
Statoil Resumes Drilling Norway Well In Partnership With Rosneft
Wednesday, September 10, 2014 Statoil resumes drilling at the oil-bearing Pingvin prospect in the Barents Sea after receiving a permission from the Norwegian Environment Agency, North Energy says.
Statoil Farms into Repsol Licenses, Offshore Colombia
Friday, September 05, 2014 Norway's Statoil agrees to farm into two Repsol licenses offshore Colombia.
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Thursday, September 04, 2014 Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
Norway-Focused Firms Join Oil Spill Project
Thursday, September 04, 2014 Aptomar launches a Norwegian project with Eni, Statoil, GDF Suez and OMV aimed at improving oil spill detection and management.
Algeria's In Amenas Gas Plant Returning to Normal after Attack
Monday, September 01, 2014 Normal operations resume at a major gas plant in Algeria, 18 months after a raid by Islamist militants killed 40 employees.
Statoil Abandons OzBeta-1 Well in Permit EP 127 in Northern Territory
Wednesday, August 27, 2014 Statoil abandons OzBeta-1 well in exploration permit 127 in Australia's Northern Territory after it failed to produce oil or gas.
Statoil at ONS: Aasta Hansteen Remains On Track for 3Q 2017
Tuesday, August 26, 2014 Statoil is currently employing 200 people in northern Norway to work on its Aasta Hansteen gas field development, where drilling is set to start in 2016.
Statoil To Hold Back US Shale Ramp Up
Monday, August 25, 2014 Statoil will only slightly raise its US shale oil and gas output in the near term due to spending curbs, the firm says.
Rosneft, Statoil Start Exploration for Oil, Gas in Norway
Monday, August 18, 2014 Rosneft and Statoil embark on joint exploration for oil and gas in the Barents Sea.
Sanctioned Rosneft's Norway Work Goes Ahead With Statoil
Monday, August 18, 2014 Kremlin-controlled Rosneft said it is working with Statoil to search for oil and gas off Norway, partnering a Western company despite sanctions.
Schlumberger Wins $185M Statoil Drilling Contract
Friday, August 08, 2014 Norway's Statoil awards Schlumberger a $185-million two-year contract to provide integrated drilling services for several fields on the Norwegian Continental Shelf.
Rose Appoints New CEO for US Business
Friday, August 08, 2014 Rose Petroleum appoints John Blair as Director of Oil & Gas and as CEO of its US business.
Statoil's Arctic Summer Exploration Campaign Fails
Thursday, August 07, 2014 Statoil fails to find any oil in its summer campaign in the Norwegian Arctic.
Norway Completes Troll Gas Field Maintenance Earlier than Planned
Monday, August 04, 2014 Norway's Gassco completes a key round of maintenance on what is believed to be Statoil's Troll gas field.
Statoil Installs Valemon Topsides
Tuesday, July 29, 2014 Statoil installs the topsides for the Valemon field in the Norwegian North Sea.